$ETH
🚨 URGENT: Ethereum (ETH) Breaks Resistance of $1,800 — What to Expect Now? 🚨
🔍 Market Analysis — April 23, 2025
Ethereum (ETH) has just surpassed the psychological resistance of $1,800, recording a 15% increase in the last 24 hours. This movement is driven by a combination of technical and fundamental factors indicating a possible upward trend.
📈 Factors Driving the Price:
Institutional Acquisition: Fidelity purchased $253.8 million in ETH, signaling renewed institutional confidence in the asset.
Blockchain News
Short Liquidations: The reduction in short positions on CME contributed to buying pressure, raising the price of ETH.
Mitrade
General Market Rise: Bitcoin also reached a two-month high, boosting optimism in the cryptocurrency market as a whole.
TradingView
⚠️ Risks on the Radar:
Whale Selling: Large ETH holders are liquidating their positions, which may indicate an imminent profit-taking.
Blockchain News
Critical Support: ETH is approaching important support levels; a break below $1,600 could reverse the current momentum.
🎯 Price Projections:
Short Term: If the support at $1,600 holds, ETH may seek resistance around $2,700.
Coin Central
Long Term: Institutions like Standard Chartered project an ETH price of $14,000 by the end of 2025, driven by improvements in scalability and institutional adoption.
CoinMarketCap
💬 Conclusion:
The current scenario presents an opportunity for attentive traders but also requires caution due to the typical volatility of the cryptocurrency market. Stay alert to upcoming movements and consider appropriate risk management strategies.
📊 Current ETH Data:
Current Price: $1,812.24
Daily High: $1,816.69
Daily Low: $1,632.44
Variation: +0.11%
🔗 Sources:
CoinCentral
TradingView
Blockchain.News
CoinMarketCap
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