$ETH Market Update – April 25, 2025
Ethereum ($ETH ) is experiencing a bullish trend today, trading at $1,774.74, up 1.11% from the previous close. The intraday high reached $1,794.84, while the low was $1,744.49.
🔹Technical Analysis
A bullish cross has formed on Ethereum's technical charts, indicating a potential uptrend. The Relative Strength Index (RSI) is showing positive momentum, and the price is trading above a key trendline. If Ethereum breaks through the $1,800 resistance, the next target could be around $1,900.
🔹Market Sentiment
Whale activity suggests strong accumulation. A significant whale deposited 2.28 million $USDC to Binance to purchase 1,291 ETH at $1,768, indicating confidence in Ethereum's price movement.
🔹Outlook
Short-term indicators are bullish, with Ethereum testing the $1,840 resistance level. If it maintains momentum, a move towards $2,000 is possible.
🔹Trading Strategy
Traders may consider entering long positions above $1,800, targeting the $1,900–$2,000 range. Stop-loss orders can be placed below $1,740 to manage risk.