On April 23, 2025, Ethereum (ETH) showed strong price performance, currently priced around $1,700, an increase of about 3.62% from the previous day. Its 4-hour candlestick chart exhibits a clear upward trend, while the daily chart shows a strong rebound. The technical indicator MACD is in a bullish trend, and the EMA has formed a golden cross. Over the past two weeks, Ethereum's price has climbed from the annual low of $1,385 on April 6 to break through the $1,750 mark on April 23, with a cumulative increase of 26.3% over the two weeks, and a single-day maximum increase of over 10%. On April 23, the price closed at $1,796.19, with a single-day increase of $219.44, reaching an increase of 13.92%.

From a technical perspective, after Ethereum broke through $1,600 on April 9, it continuously pierced through the key resistance levels of $1,688 and $1,700. The daily MACD indicator formed a golden cross above the zero line, confirming a short-term bullish trend with the red three soldiers pattern. The middle band of the Bollinger Bands at the weekly level (approximately $1,720) was also strongly broken through. However, Ethereum is about to test the key resistance level of $2,330, with over 6.28 million ETH's price fluctuating between $2,295 and $2,350, forming a significant resistance area that may hinder further upward movement.