Ethereum Holds $2,300 as Monthly Shakeout Pattern Signals Potential 2026 Breakout

TLDR:

Ethereum traded above $2,300 in April 2026, holding near $2,400 during a broader market recovery. Market participants continue to assess its long-term structure as analysts point to a repeating cycle pattern. The latest outlook centers on a consolidation phase that may precede a larger price expansion.Monthly Structure Suggests Ongoing Accumulation PhaseNetwork Activity Remains Strong Despite Market Pressures