$ETH The Ethereum (ETH) currency witnessed a notable increase of over 13% today, April 23, 2025, trading at levels ranging between 1785 and 1800 USD, the highest level it has reached since the beginning of this month.

This increase was driven by several factors, the most prominent of which include:

Positive inflows for ETF funds: Ethereum exchange-traded funds saw net inflows of 38.8 million USD, reflecting renewed investor confidence in the market.

Rise in Bitcoin price: The price of Bitcoin reached 94,000 USD, boosting the positive momentum in the cryptocurrency market in general, and positively impacting Ethereum.

Whale activity: Some large wallets purchased significant amounts of Ethereum, contributing to pushing the price higher. For example, one investor bought 19,973 ETH for nearly 34.75 million USD.

From a technical perspective, analyses indicate the possibility of the upward trend for Ethereum continuing, with nearby resistance at the 1860 USD level. If this level is surpassed, the price may target higher levels in the coming days.

With these developments, it seems that Ethereum is regaining its positive momentum, which may open the door for further increases in the upcoming period.