Ethereum is trading at around $1782.58, with a daily high of $1,782.71 and a low of $1740.26, indicating moderate volatility amid good market liquidity.
With strong support at the $1750 level, this level has been tested multiple times in the past few days and has halted the price decline, with a major resistance at $1800.
The momentum indicators RSI are around 60-65, which means the market has bullish strength and is not yet in the overbought area, and the moving averages (50 and 200 days) remain below the price.
Yesterday, April 24, Ethereum exchange-traded funds recorded a net inflow of $63.5 million, of which $40 million went into ETFs like ETHA while $6.6 million exited from ETHE, reflecting a positive institutional trend and continued liquidity inflow.
The future and technical updates
In May 2025, the 'Pectra' update is coming, which will reduce network fees and improve the overall performance of Layer 1.
In the medium and long term, sharding solutions (Danksharding) and rollup technologies will make the network faster and cheaper to use, and with the continued burn mechanism (EIP-1559), the tradable supply will decrease if usage increases.
Competition
Solana is still outperforming with transaction speeds processing more than 4,000 transactions per second compared to 15-30 TPS in Ethereum. Its fees are nearly negligible, with an average transfer fee on Solana of about $0.025 or less than $0.001 for the first simple transfer, making it very attractive for lightweight applications.
Despite this, Ethereum's advantages in security and decentralization are still stronger, and institutions tend to lean towards long-term established protocols.
If $1800 is breached, it will be a strong message to investors. You might consider entering on tests of $1,700 support or on a clear breach of resistance. Always remember to manage your risks and define clear exit points. Good luck.