On April 17, 2025, at 4:23 PM UTC, Ethereum ($ETH ) broke through the key $1,600 resistance level, reaching 1,600.23999 USDT on Binance. The second-largest cryptocurrency by market cap posted a 1.01% gain over the past 24 hours, signalling continued bullish sentiment among traders.
The upward movement comes as Ethereum maintains its position as a leading smart contract platform, with growing adoption in decentralized finance (DeFi) and non-fungible tokens (NFTs). Analysts are closely watching whether ETH can sustain this momentum and potentially target higher resistance levels in the near term.
Market data shows steady trading volume, suggesting stable investor interest despite recent market fluctuations. As the broader crypto market shows signs of recovery, Ethereum remains a focal point for both institutional and retail traders.
