Ethereum Current Status - April 23, 2025

Price: Around $1,812.78

Daily Change: Approximately 11% increase in the last 24 hours

Trading Volume: Approximately $28 billion

Why has this increase occurred?

1. Market Rebound

Prices are rising back after a decline, indicating a sign of confidence.

2. Short positions have been closed

Approximately $42 million in short positions (where people expect prices to drop) have been closed, showing that buyers have increased.

3. Whales are selling, but people are buying

This means large investors are selling, but retail investors are still buying, which is a sign of support.

Technical Information

Resistance: Around $2,330 – if the price rises above this, a significant upward trend may begin.

Support: Around $1,460 – the market may bounce back up from here if it drops.

Conclusion

Ethereum is in a state of market recovery, indicating that a good opportunity has been created. However, before investing, carefully assess the market conditions and risks.