With increased bullishness in the wider market, Ethereum prices also saw a reversal from near $1,400 resistance, and as of writing, it was trading at $1,770.12 with a collective surge of 10.32% in a week.
Source: CoinMarketCap
Following this surge, the number of active Ether addresses grew by around 10%, to 336,000, up from 306,000 on April 20 to April 22.
The sudden spike in the active number of addresses demonstrates the eagerness of the traders, who have been waiting to make any trades when Ether regains its momentum.
According to an X post from CryptoQuant, Ethereum’s active addresses grew around 9.58% in the past 48 hours, yet there is now clear evidence of growing on-chain activities.
Ethereum is Heating Up!“Ethereum’s active addresses jumped from 306,211 to 336,366, representing a 9.85% increase in just 48 hours” – By @oro_crypto Read the full analysis https://t.co/g55MiVnmOo pic.twitter.com/brIHtXx3Sx
— CryptoQuant.com (@cryptoquant_com) April 23, 2025
Despite an 11% increase in a week, Ethereum is still undervalued.
Since the beginning of 2025, Ethereum has failed to meet the expectations of traders and experts. It has traded at its lowest price of $1,386 in the past 52 weeks, while its highest traded price is $4,106.96 in the same frame.
As per data of EtherScan(dot)io, the highest increase of new addresses in a 24-hour frame was recorded on January 04, 2018.
On March 24, 2025, the market capitalization of Ethereum was $254 billion, and as of writing, its market cap was $212.64 billion, in the period, a decrease of 16% has been observed.
TradingView’s data states that the current trading price of Ethereum is above the 20-day exponential moving average and at the same time it is below the 50, 100, and 200-day exponential moving averages.
The market dominance of Ethereum fell around 16.31% in a month, a 34.88% loss has been observed in the past three months, press time dominance was 7.46%, also below 20,50,100, and 200-day exponential moving average.
Market capitalization of Ethereum has shown a slight correction of 12% in a week, but a significant decline of 15.62% in a month, and a loss of 47. 30% in a quarter.
Crypto market price updates
As per data available on CoinMarketCap, the crypto market cap was $2.88 trillion with a slight decline of 1.78%, yet the decline in cap does not affect the number on the crypto fear and greed index, which was at 53 and was recorded at 52 on April 24.
Bitcoin is at $92,166 with a decline of 1.84% in the past 24 hours, and its market capitalization was $1.83 trillion with a loss of 1.95%.
The intraday losers list has been ruled by DeXe, which lost 15.35% of its price and is now trading at $13.38, Immutable lost 11.37%, BONK around 10%, Stacks declined 8.44%, and Jito by 8.13%.
