🚀 ETH Update – April 23, 2025
The Ethereum (ETH) currency is experiencing a noticeable recovery in the market today, with its price rising to around $1,800, recording gains exceeding 10% over the past 24 hours. This increase comes after a period of fluctuation between $1,500 and $1,600, indicating the beginning of a new upward wave if the momentum continues.
Key Developments:
Ethereum exchange-traded funds (ETFs) recorded strong cash inflows of approximately $38.7 million on April 22, which indicates a return of interest from institutional investors.
Market whales have started accumulating again, as one major investor purchased 20,000 ETH, which is considered a positive sign of confidence in the upward trend.
From a technical perspective, the price faces resistance at the $1,895 level, while there is strong support at $1,700, which has proven to be resilient recently.
Discussion Question:
Do you think ETH has enough momentum to break the $2,000 barrier soon? And is it possible that we will see a new season for alternative coins led by Ethereum?
