$ETH Ethereum Market Overview — April 2025

At present, Ethereum (ETH) is displaying mixed indicators:

Positive Indicators:

Rumors about Ethereum ETFs are gaining attention once more, with increasing interest from institutions.

Layer 2 networks such as Arbitrum, Optimism, and zkSync are thriving, which is boosting activity and usage.

Following the merge, the supply of ETH keeps decreasing, as the burn rate exceeds new issuance.

Over the last month, whale accumulation has subtly risen, which is a strong hidden bullish indicator.

Negative Indicators:

Recently, gas fees have surged again, causing less activity from smaller users, which is not encouraging for retail adoption.

Bitcoin's dominance remains high at approximately 54%, suggesting that altcoins like ETH have not yet fully taken the lead.

The macroeconomic situation, including interest rates and global liquidity, remains unpredictable, even with a temporary positive sentiment from Trump’s tariff actions.

My General Perspective:

Short-Term: ETH is expected to remain stable or trend slightly upwards, particularly if Bitcoin consolidates above 80K.

Mid-Term: Positive outlook, especially if ETH ETFs receive approval or if altseason begins in earnest.

Long-Term: Continues to be one of the strongest options in cryptocurrency, especially with the acceptance of Layer 2 scaling and real-world asset (RWA) tokenization becoming part of Ethereum's foundation.

Important ETH Levels to Monitor:

Support: $2,900 — $3,000

Resistance: $3,300 — $3,500

A move past $3,500 could indicate a transition into a new bullish phase.