As of April 24, 2025, the market performance and price trends of Ethereum (ETH) are as follows:
1. Price Performance:
• The price of Ethereum has risen nearly 15% in the past 24 hours, breaking through $1,800 on April 23, outperforming Bitcoin.
• As of April 21, the price of Ethereum was reported at $1,789, with a 24-hour increase of 13.46%.
• On April 23, the price of Ethereum rose by 3.28%, reported at $1,751.94.
2. Market Dominance:
• Ethereum's market dominance recently fell below 7%, hitting a historic low, due to ongoing scalability issues and a decrease in decentralized trading activities.
• However, Ethereum increased by nearly 15% in the past 24 hours, regaining some 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 towards $1,750-$1,800 (mid-term pressure zone), with a breakthrough looking towards $1,850.
4. Market Dynamics:
• The rise of Ethereum is driven by three factors: profit-taking, shifts in macroeconomic policies, and the 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 this asset is projected 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 exceptionally well recently, with a significant price increase and a recovery in market dominance, but still faces certain technical resistance. In the coming months, the price of Ethereum is expected to continue to rise, reaching new highs.