$ETH 🚀 🔥 quotes at $1,800, after a 10% increase this week, breaking the resistance of $1,700. Faces pressure at the 50-day EMA ($1,820). RSI at 52 suggests weak bullish momentum; key support at $1,700, with a risk of falling to $1,449 if lost.
Whales: Mixed activity. One whale withdrew 3,844 ETH (~$6.5M) from Bitget, showing confidence, but Galaxy Digital sold 65,600 ETH ($105M) to buy Solana.
ETFs: Net inflows of $38.8M in ETH ETFs in the U.S. on April 23, but net assets fell 60% in 2025. The futures basis on CME dropped to 5%.
Network: Fees at 5-year lows ($0.16/tx) due to low activity. Vitalik proposes changing the EVM to RISC-V for greater efficiency. The Pectra update (May 7) will improve staking and scalability.
Macro: The rally follows relief from possible U.S. tariff cuts to China, boosting BTC ($93,000) and ETH.
Predictions: Range of $2,061-$5,925 for 2025. Resistance at $1,800; support at $1,150.