Ethereum (ETH) Shows Strong Rebound This Morning – April 23, 2025
Ethereum (ETH) saw an impressive surge this morning, rising more than 13% in the last 24 hours to trade around $1,787. This marks a strong recovery following a few weeks of sluggish market performance.
Several key factors are driving this rebound:
Whale Accumulation: A major investor who lost $40 million earlier this month re-entered the market, purchasing nearly 20,000 ETH—showing renewed confidence in Ethereum’s long-term value.
Institutional Inflows: Ether ETFs saw $38.74 million in net inflows after 10 days of no activity, suggesting renewed institutional interest.
Market Activity: Ethereum’s trading volume jumped by over 73%, highlighting growing momentum.
In addition, ETH recently broke through the key $1,800 resistance level. Some analysts believe this could open the door for further gains if the current momentum holds.
Still, crypto remains a volatile market. Investors are advised to do their own research and manage risk accordingly.