Ethereum (ETH) surged 10% on April 23, 2025, trading above $1,800, driven by reduced short positions on CME futures, now at 5% from 20% in November 2024, and Bitcoin’s rally to $94,000. ETF inflows rose, and whale accumulation intensified, with 4,500 ETH ($7.36M) bought recently. However, Vitalik Buterin’s proposal to replace the EVM with RISC-V for scalability sparked debate, potentially impacting Ethereum’s L2 roadmap. Despite a 50% YTD drop, analysts see ETH targeting $2,000 if it breaks the $1,830 resistance. Solana’s rise and XRP’s six-month outperformance challenge ETH’s dominance. Macroeconomic easing and tariff relief bolster market optimism.
