$ETH

Current price: ~1,800 USD, up 10% in 24 hours (4/23/2025).

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

- Utility: ETH is the native token of the Ethereum blockchain, used to pay transaction fees (gas), run smart contracts, and DeFi, NFT applications.

- Market situation:

- Strong recovery thanks to reduced selling pressure from CME short positions and investor 'risk-on' sentiment.

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

- Notable news:

- Pectra upgrade expected on 5/7/2025, improving performance.

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

Outlook: ETH has the potential for price increase (predicted 5,925 USD in 2025), but the risk of falling to 1,000 USD if it fails to hold the support at 1,688 USD. Investors need to monitor macroeconomic and technical news.