$ETH Ethereum (ETH): Technical Analysis for April 23, 2025
Ethereum is showing growth against the backdrop of an overall rise in the cryptocurrency market.
Current price: ~$1,798.88
Change over 24 hours: +5.77%
Market capitalization: ~$217.1 billion
Trading volume: ~$25.5 billion
Circulating supply: ~120.71 million ETH
Technical overview:
ETH has broken the resistance at $1,750 and is aiming for $2,000.
An ascending wedge and bullish Wyckoff patterns are forming.
A reduction in short positions on CME supports the upward trend.
Conclusion:
Ethereum is consolidating above $1,800.
It is important to monitor the levels of $1,750 (support) and $2,000 (resistance).
The market remains volatile — prudent risk management is essential.
