$ETH As of April 23, 2025, Ethereum (ETH) is trading around $1,789, marking a 12% increase in the past 24 hours. The surge is driven by favorable macroeconomic conditions, easing pressure in derivatives markets, and strong technical signals. The Relative Strength Index (RSI) is at 70.5, indicating momentum, and the MACD suggests a continued bullish trend. ETH has surpassed key resistance levels, pointing to further gains. Despite $1 billion in outflows from U.S. Ethereum ETFs, whale investors are still accumulating, showing long-term confidence. Anticipation is also building around the upcoming Pectra upgrade scheduled for May 7. ETH’s intraday range spans from $1,617 to $1,811. Overall, the outlook for Ethereum remains positive with strong technical and investor support.