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

Current Price and Recent Performance:

* As of late afternoon in Bangladesh (adjusting for time zone differences in the provided sources), the live price of Ethereum fluctuates between $1,771 and $1,815.

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

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

Short-Term Predictions:

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

* One analysis suggests that the price of ETH 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 breakout above this that could lead to targets of $1,650 and $1,720.

* The 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 indicates 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 update on the Ethereum network, scheduled for May 7, focuses on improving scalability and user experience, which could be contributing to the positive sentiment.

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