We investigated the interactions between nickel oxide and silica–alumina supports, which were applied to the catalytic oligomerization of ethylene by powder X-ray diffraction, UV diffuse reflectance spectroscopy, H2 temperature-programmed reduction, and X-ray photoelectron spectroscopy. The catalytic activity was also correlated with the acidity of catalysts determined by NH3 temperature-programmed desorption and pyridine FT-IR spectroscopy. Although all the catalysts had similar Ni contents, their catalytic performances were strongly influenced by the strength of the metal oxide–support interaction. Strong interaction promoted the formation of nickel aluminate on the catalyst surface, and resulted in low catalytic activity due to reducing the amount of nickel oxide active sites. However, weak interaction favored the aggregation of nickel oxide species into larger particles, and thus resulted in low ethylene conversion and selectivity to oligomers. Eventually, the optimal activity was realized at the medium interaction strength, preserving a high amount of both active nickel oxides and acid sites.