$ETH

Ethereum is trading at around $1782.58, with a high of $1,782.71 during the day and a low of $1740.26, indicating moderate volatility amidst good liquidity in the market.

With strong support at $1750, this level has been tested multiple times in the past few days and halted the price decline, and there is major resistance at $1800.

The momentum indicators (RSI) are around 60-65, which means the market has upward strength and is not yet in the overbought territory, and the moving averages (50 and 200 days) remain below the price.

Yesterday, April 24, exchange-traded Ethereum funds recorded a net inflow of $63.5 million, of which $40 million went into ETFs like ETHA while $6.6 million exited from ETHE, reflecting a positive institutional trend and continued liquidity inflow.

Future and technical updates

In May 2025, the “Pectra” update is coming, which will reduce network fees and improve the overall performance of Layer 1.

In the medium and long term, sharding solutions (Danksharding) and rollup technologies will make the network faster and cheaper to use, and with the continued burning mechanism (EIP-1559), the circulating supply will decrease if usage increases.