$ETH ETHEREUM ANALYSIS (ETH) – WEDNESDAY, APRIL 23, 2025

1. Summary of ETH Price Today

Current Price: $1,779.65

24-Hour Increase: +12%

Today's High: $1,811.18

Today's Low: $1,586.57

2. Technical Analysis

RSI (Relative Strength Index): 61 → indicates moderate bullish momentum

MACD: Bullish crossover → positive signal for upward trend

Support Levels: $1,600 and $1,650

Resistance Levels: $1,800 and $1,900

3. Whale Activity & Market Sentiment

A whale bought 20,000 ETH worth $34.7 million.

This action indicates massive accumulation and confidence in ETH's upward potential.

4. Short-Term Outlook

Bullish Scenario: If the price remains above $1,750, the next target is $1,900.

Bearish Scenario: If it drops below $1,600, ETH could test $1,500.

Ethereum is currently in a bullish phase with technical support and significant buying activity from institutional investors. However, remain cautious of potential short-term volatility.