1. Price dynamics and market indicators
- Current price: ETH was trading around $1,800–$1,850, showing moderate growth amid the overall bullish trend in the crypto market. Over the week, the price increased by 12.3%, but remained 60% below the historical peak ($4,891 in 2021).
- Market capitalization: ETH maintained its position as the second-largest asset by capitalization, despite lagging behind Bitcoin.
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2. Institutional interest and ETFs
- Inflow into ETH-ETF: Spot Ethereum funds attracted $63 million in a day, confirming growing interest from institutional investors in the altcoin. However, activity here lags behind Bitcoin ETFs.
- Major holders: Over the past 24 hours, 'whales' have accumulated a record 449,000 ETH (about $808 million), marking the highest level since 2018. This signals long-term optimism among major players.
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3. Technical updates and network changes
- Network upgrade: An upgrade aimed at reducing fees and speeding up transaction confirmations has been activated. This improved the basic metrics of the network, although activity in the DeFi sector remained low.
- Address activity: The number of active addresses in the Ethereum blockchain increased by 10%, indicating the involvement of new participants.
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4. Technical analysis and forecasts
- Key levels: ETH attempted to overcome resistance at $1,825 but faced correction due to declining trading volumes. The nearest support is $1,691.
- Forecasts: Experts are divided in opinions. Some expect a breakout above $2,000 amid technological improvements and institutional demand, while others predict a correction due to dependence on Bitcoin and macroeconomic risks (e.g., trade conflicts between the US and China).
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5. Criticism and challenges
- Architectural issues: Cardano founder Charles Hoskinson stated that Ethereum could 'disappear in 10-15 years' due to outdated architecture and dependence on Vitalik Buterin. In his view, users are gradually migrating to alternative platforms.
- Market dependence: ETH still correlates with Bitcoin. As long as BTC dominates the market (dominance index is rising), the chances of an 'alt-season' remain low.
Day's results
On April 26, 2025, Ethereum showed conflicting signals:
- Positive factors: growth in institutional interest, accumulation by 'whales', technical improvements of the network;
- Risks: dependence on Bitcoin, criticism of architecture, macroeconomic instability.
For investors, key points of attention remain the breakthrough of the $1,825 level, ETF dynamics, and the activity of major holders. The long-term prospects of ETH depend on the network's ability to adapt to challenges and strengthen competitive advantages.