Ethereum (Ethereum) Current Status - April 23, 2025

Price: Approximately $1,812.78

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

Trade Volume: Approximately $28 billion

Why has this increase occurred?

1. Market has Rebounded

Prices are moving back up after a decline, which is 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, indicating increased buying interest.

3. Whales are selling, but people are buying

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

Technical Information

Resistance: Approximately $2,330 – if the price rises above this, a significant rally may begin.

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

Conclusion

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