$ETH

ETH/USDT Trading Pair Analysis — April 23, 2025

According to Trading View data, the current price of Ethereum (ETH/USDT) is 1,784.52 USDT, having risen 7.64% in the past 24 hours. Over the past week, the asset has increased by 4.71%, but on a monthly basis, it is still down by 14.16%.

Technical Analysis

Short-term technical indicators show a buy signal, while weekly and monthly time frames suggest a sell. Ethereum is testing a strong support area around $1,526, which is accompanied by high trading volume. Key resistance levels are at $1,624, $1,766, and $2,015.

Some analysts predict that the price may dip to the range of 1750-1700-1630, while others believe it could fall to the demand zone of $1233-$1181 before recovering.

Fundamental Factors

Ethereum is expected to undergo an upgrade called Pectra on May 7, 2025, aimed at enhancing scalability and user experience. This could become a catalyst for medium-term price increases.

Ethereum currently has a market capitalization of $211.23 billion, with a trading volume of $23.46 billion in the past 24 hours. Optimistic forecasts suggest that the asset is likely to reach historical highs of around $4,500 again by the end of the year.