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Ethereum bulls target $1,800
By
Investing.com
Author
Junai Kaims
Published 23/04/2025, 09:38
Ethereum bulls target $1,800
DX
0.71%
Bitcoin US Dollar
2.61%
Ethereum Bitcoin
2.89%
BTC/USD
2.60%
ETH/USD
5.84%
Ethereum is suffering from increased selling by major institutions and declining network activity.
Investor focus is shifting towards Bitcoin as the value of Ethereum against Bitcoin ETH/BTC reaches its lowest level in five years.
Key developments, such as approval for custody, could be pivotal in the potential recovery of Ethereum.
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Ethereum has seen some recovery earlier in April, but since mid-month, the coin has struggled at the $1,600 level. The largest altcoin faces challenges due to selling by major investors and reduced usage activity, making it unable to replicate Bitcoin's positive momentum.
Institutional selling pressures the digital currency
The recent weak performance of Ethereum prices is largely attributed to the actions of major investors. Reports have revealed that three major entities.
