Ethereum (ETH) Price Update โ April 2025
๐ Date: April 21, 2025
๐ฐ Current Price: ~$1,582 USD
๐ 24h Change: +3.8%
๐ Market Cap: ~$190.5 Billion
Whatโs Driving ETHโs Recent Momentum?
โ Break Above $1,600
Ethereum broke key resistance earlier this week, supported by a wave of positive sentiment following pro-crypto legislative moves in the U.S., especially from Arizona.
๐ Whale Accumulation
Large ETH holders are moving assets off exchanges into cold wallets โ a bullish signal pointing to long-term confidence.
๐ง Tech Innovation from Vitalik
Vitalik Buterin proposed integrating RISC-V, an open-source processor standard, into the Ethereum Virtual Machine (EVM). This upgrade could improve efficiency for rollups by over 100x โ making the network faster and cheaper to use.
๐ฎ Short-Term Forecast (April 2025)
๐ Support Level: ~$1,550
๐ Resistance Range: $1,650 โ $1,800
๐งญ Analyst Target (April 28): Up to $1,804.20 USD
๐ Momentum: Bullish
๐ Technical Indicators: TD Sequential shows a fresh buy signal.
๐ Binance Insight
With growing whale activity, institutional interest, and a technical roadmap that includes the upcoming Pectra Upgrade, Ethereum is showing signs of renewed bullish momentum. Traders and holders should monitor $1,600 as the next key support for potential entries.
๐ก Did you know? ETHโs scaling upgrades in 2025 aim to reduce transaction inefficiencies by over 100x.