$ETH Brief information about Ethereum (ETH):

- Current price: ~1,800 USD, up 10% in 24 hours (April 23, 2025).

- Market capitalization: ~216 billion USD, ranked 2nd after Bitcoin.

- Use case: ETH is the native token of the Ethereum blockchain, used for paying transaction fees (gas), running smart contracts, and DeFi and NFT applications.

- Market situation:

- Strong recovery due to reduced selling pressure from CME short positions and investors' "risk-on" sentiment.

- However, facing challenges: loss of market share (7.18%), competition from Solana, BNB Chain, and low blob fees affecting value.

- Notable news:

- Pectra upgrade scheduled for May 7, 2025, to improve performance.

- ETH ETF recorded an outflow of 909 million USD since the Trump tax was imposed, but some large whales are accumulating.

Outlook: ETH has the potential to increase in price (predicted 5,925 USD in 2025), but the risk of falling to 1,000 USD exists if it cannot maintain support at 1,688 USD. Investors need to monitor macroeconomic and technical news.