On April 23, 2025, Ethereum (ETH) experienced a significant surge, climbing over 10% to trade above $1,800, marking its strongest performance in weeks. This rally was fueled by a broader crypto market upswing, with Bitcoin surpassing $93,000 and altcoins like XRP and Solana also posting notable gains . Contributing factors include easing US-China trade tensions and a more crypto-friendly regulatory environment under the new SEC leadership . Despite this bullish momentum, some large holders have liquidated substantial ETH positions, introducing short-term volatility . Analysts remain optimistic, with projections suggesting ETH could reach $2,015 by month's end . However, Ethereum's total value locked has declined by 43% since December, indicating potential challenges ahead .
