$ETH As of April 23, 2025, Ethereum (ETH) is trading around $1,789, up over 12% in the last 24 hours. This surge is driven by positive macroeconomic sentiment, reduced selling pressure in derivatives markets, and bullish technical indicators. The RSI is at 70.5, and the MACD suggests a strong buy signal. ETH has broken key resistance levels, signaling potential for continued gains. Despite recent $1 billion outflows from U.S. spot Ethereum ETFs, whale accumulation indicates strong investor confidence. The upcoming Pectra upgrade on May 7 is also contributing to bullish momentum. Intraday, ETH has ranged between $1,617 and $1,811. Overall, sentiment remains optimistic with both technical and fundamental factors supporting further upside in the near term.