$ETH

**📈 Ethereum's April 2025 Technical Analysis: Bullish Signals Emerge**

In April 2025, Ethereum (ETH) has shown promising signs of a bullish reversal. As of April 26, ETH is trading at approximately $1,811.94, reflecting a notable recovery from its March low of $1,380 .

**Key Technical Indicators:**

- **Bullish Cross Formation:** A recent bullish cross on the technical charts suggests potential upward momentum, attracting interest from short-term traders .

- **Support and Resistance Levels:** Strong support is established at $1,750, with immediate resistance at $1,800 and a subsequent level at $1,850 .

- **Fibonacci Extension Target:** Elliott Wave analysis indicates a potential move towards $2,478.18 if the current impulse wave structure holds .

**Market Sentiment:**

The accumulation of over 1.11 million ETH by large addresses in the past week underscores growing investor confidence . Additionally, the surge in Ethereum's Total Value Locked (TVL) by 42.5% in 2025 highlights the network's robust DeFi activity .

**Outlook:**

If ETH maintains its current momentum and breaks above the $1,850 resistance, it could target the $2,000 mark in the near term. However, traders should monitor key support levels and market indicators to navigate potential volatility.