As of the end of April 2025, the price of Ethereum (ETH) is approximately $1,793, with recent trends showing fluctuating consolidation. Although it fell to around $1,576 at the beginning of the month, it subsequently rebounded and has been consolidating in the range of $1,700 to $1,800. Technically, the weekly chart shows an 'engulfing pattern', indicating a rebound in buying momentum.

In terms of market sentiment, despite ETH having fallen nearly 50% year-to-date, large holders continue to accumulate during price corrections, showing confidence in the medium to long-term outlook. However, $1,800 remains a strong resistance level, and if it cannot be effectively broken, it may limit short-term upside potential.

Overall, ETH is currently at a key technical level, and investors should closely monitor whether it can break the $1,800 resistance or fall below the $1,700 support to determine the future trend direction.