$ETH With an increase in optimism in the overall market, Ethereum prices also saw a reversal from near the $1,400 resistance, and at the time of writing, it was trading at $1,770.12 with a collective increase of 10.32% in a week.

Source: CoinMarketCap

After this increase, the number of active Ether addresses grew by about 10%, to 336,000, from 306,000 from April 20 to April 22.

The sudden increase in the active number of addresses demonstrates the eagerness of traders, who have been waiting to make any moves when Ether regains its momentum.

According to a post from CryptoQuant on X, active Ethereum addresses grew by about 9.58% in the last 48 hours, however, there is now clear evidence of an increase in on-chain activities.

Ethereum is heating up! “Active Ethereum 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 remains undervalued.

Since the beginning of 2025, Ethereum has not been able to meet the expectations of traders and experts. It has traded at its lowest price of $1,386 in the last 52 weeks, while its highest trading price is $4,106.96 in the same period.

According to data from EtherScan(dot)io, the largest increase of new addresses in a 24-hour frame was recorded on January 4, 2018.

On March 24, 2025, the market capitalization of Ethereum was $254 billion, and at the time of writing, its market capitalization was $212.64 billion, observing a decrease of 16% during the period.

TradingView data indicates that the current trading price of Ethereum is above the 20-day exponential moving average and at the same time below the 50, 100, and 200-day exponential moving averages.

Ethereum's market dominance fell by around 16.31% in a month, a loss of 34.88% has been observed in the last three months, the dominance at the time of press was 7.46%, also below the 20, 50, 100, and 200-day exponential moving averages.

The market capitalization of Ethereum has shown a slight correction of 12% in a week, but a significant decrease of 15.62% in a month, and a loss of 47.30% in a quarter.

Cryptocurrency market price updates

According to the data available on CoinMarketCap, the cryptocurrency market capitalization was $2.88 trillion with a slight decrease of 1.78%, however, the decrease in capitalization does not affect the number in the cryptocurrency fear and greed index, which was at 53 and recorded at 52 on April 24.

Bitcoin is at $92,166 with a decrease of 1.84% in the last 24 hours, and its market capitalization was $1.83 trillion with a loss of 1.95%.

The intraday losers list has been dominated by DeXe, which lost 15.35% of its price and is now trading at $13.38, Immutable lost 11.37%, BONK around 10%, Stacks fell 8.44%, and Jito 8.13%.