This morning, April 24, 2025, the price of Ethereum (ETH) is trading around $1,794.60, a slight increase compared to yesterday.
Ethereum (ETH)
$1,794.60
+$38.23
(+2.18%)
Today, April 24, 2025
Market Overview:
ETH has recovered strongly from a low of nearly $1,500 in April, increasing more than 11% in the last 24 hours, surpassing short-term resistance levels and currently aiming to maintain above the $1,850 mark.
Technical indicators such as moving averages and the RSI index suggest that the upward trend is being reinforced.
Activity from "whales" (large investors) has increased, indicating accumulation of ETH at lower price levels.
Short-term forecast:
If ETH maintains above $1,850, it is likely to challenge the next resistance level at $2,000.
Conversely, if it drops below the support level of $1,750, ETH may correct to the $1,700 range.
Long-term forecast:
Some analyses predict that ETH could reach an average of around $5,025 by the end of 2025.
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Technical patterns such as the ascending wedge and Wyckoff model indicate a potential positive reversal in the long term.
Conclusion:
ETH is in a trend of positive recovery, supported by technical factors and interest from large investors. However, investors should closely monitor important support and resistance levels to make informed trading decisions.
