$ETH On April 23, 2025, Ethereum (ETH) is trading near $1,789, showing a strong 12% gain over the past 24 hours. This rally is fueled by improved macroeconomic sentiment, decreased selling in derivatives, and bullish chart signals. The RSI sits at 70.5, indicating strong momentum, while the MACD supports a continued uptrend. ETH has broken past key resistance levels, suggesting further potential upside. Despite $1 billion in recent outflows from U.S. Ethereum ETFs, large investors continue to accumulate ETH, signaling confidence. The upcoming Pectra upgrade on May 7 is also generating positive market anticipation. Intraday price action has ranged from $1,617 to $1,811. Overall, Ethereum's technical and fundamental outlook remains bullish in the short term.