As of April 24, 2025, the market trends and price movements of Ethereum (ETH) are as follows:
1. Price Performance:
• The price of Ethereum has risen by nearly 15% in the past 24 hours, breaking the $1,800 mark on April 23, outperforming Bitcoin .
• As of April 21, the price of Ethereum was $1,789, with a 24-hour increase of 13.46% .
• On April 23, the price of Ethereum increased by 3.28%, reaching $1,751.94 .
2. Market Dominance:
• Ethereum's market dominance recently dropped below 7%, reaching an all-time low due to ongoing scalability issues and a decrease in decentralized trading activity .
• However, Ethereum has risen nearly 15% in the past 24 hours, regaining some of its market dominance .
3. Technical Analysis:
• Ethereum traded at $1,890 on April 22, and slightly rose to $1,892 on April 23, indicating that the market is approaching this key resistance level .
• Short-term targets are looking at $1,750-$1,800 (mid-term resistance zone), with a breakthrough looking towards $1,850 .
4. Market Dynamics:
• Ethereum's rise is driven by a combination of arbitrage liquidation, shifts in macroeconomic policy, and recovery of the Ethereum ecosystem .
• Ethereum has risen from $1,385 to $1,750 in the past month, an increase of 26.3% .
5. Future Predictions:
• Analysts expect that in the first quarter of 2025, the price of ETH will rise to a historical high of $5,501.00. During the period from April to June, the average price of the asset is expected to be between $4,318.00 and $5,170.00 .
• By the end of 2025, the price of Ethereum may range between $4,172.70 and $4,768.80 .
In summary, Ethereum has performed remarkably well recently, with significant price increases and a recovery in market dominance, but it still faces certain technical resistances. In the coming months, the price of Ethereum is expected to continue rising, reaching new highs.