$ETH

Today, April 23, 2025, the outlook for Ethereum (ETH) is showing positive momentum in the short term. Here's a breakdown based on the latest data:

Current Price and Recent Performance:

* As of late evening in Bangladesh (adjusting for time differences in the provided sources), the live price of Ethereum is fluctuating around $1,771 to $1,815.

* Ethereum has shown significant gains in the last 24 hours, with increases ranging from approximately 3.41% to over 10% across different sources.

* Over the past week, Ethereum has also experienced a notable upward trend, with gains of over 11% to 14%.

Short-Term Predictions:

* Several sources indicate a continued positive outlook for the immediate future.

* One analysis suggests that the ETH price could reach around $1,824 within the next week.

* Another prediction estimates that Ethereum could reach $1,830 in the next 10 days.

* Technical analysis points to potential resistance levels around $1,620, with a break above this possibly leading to targets of $1,650 and $1,720.

* Overall sentiment for Ethereum in the very short term appears to be neutral to bullish, with some technical indicators still showing bearish signals but the price action indicating upward momentum.

Factors Influencing the Outlook:

* The broader cryptocurrency market is showing positive movement, with Bitcoin also experiencing significant gains, which often influences the price of Ethereum.

* The upcoming Pectra upgrade on the Ethereum network, scheduled for May 7, is focused on enhancing scalability and user experience, which could be contributing to positive sentiment.

* Easing of trade war fears, as indicated in the stock market news, can sometimes positively impact risk assets like cryptocurrencies.

General Context:

* Ethereum remains the second-largest cryptocurrency by market capitalization and is a key infrastructure for decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contracts.