As of April 23, 2025, Ethereum (ETH) is trading at approximately $1,791.82 USD, reflecting a significant 13.5% increase over the past 24 hours. The intraday high reached $1,811.18, while the low was $1,579.16.
This surge is attributed to several factors:
• Whale Accumulation: Large investors have been actively accumulating ETH, with notable transactions including a whale withdrawing 4,990.8 ETH (valued at $8.83 million) from Binance, indicating strategic accumulation for potential trading gains. 
• Positive Market Sentiment: Despite recent outflows from U.S. spot Ethereum ETFs totaling $1 billion, the market has shown resilience, with ETH’s price rallying past key resistance levels due to positive macroeconomic sentiment and reduced selling pressure. 
• Technical Indicators: Analysts suggest that Ethereum’s price is attacking its current resistance levels, indicating potential for continued upward movement. 
While the recent price movement is encouraging, it’s essential to remain cautious, as market dynamics can change rapidly.