$ETH

In April 2025, Ethereum (ETH) experienced notable price fluctuations and developments.

Price Performance:

* On April 23, 2025, ETH closed at approximately $1,760.

* Earlier in the week, around April 21st and 22nd, ETH was trading in the range of $1,577 to $1,635, showing some upward momentum.

* Compared to a year ago (April 2024), the price is significantly lower, around -45% to -49%.

* Predictions for the end of April 2025 vary, with some analysts suggesting a potential rise towards $1,800 or even testing the $2,000 level.

* However, there's also analysis indicating strong resistance around $1,750 and $1,800, which could hinder further gains.

Key Developments and Factors:

* Potential US Trade Tariffs: Concerns about new tariffs were noted as a factor causing market volatility, potentially strengthening the US dollar and negatively impacting crypto prices initially.

* CME Short Positions: A decline in short positions on CME Ethereum futures was observed, potentially contributing to a price rally.

* Whale Accumulation: Reports indicated that large ETH holders ("whales") were accumulating ETH, seen as a bullish signal reflecting long-term confidence.

* Technical Upgrades: Vitalik Buterin proposed the integration of RISC-V into the Ethereum Virtual Machine (EVM), which could significantly improve the efficiency and scalability of rollups. The upcoming Pectra upgrade is also anticipated to enhance the network.

* Staking: Solana reportedly overtook Ethereum in staking activity.

Overall Sentiment:

The sentiment around Ethereum in April 2025 appears cautiously optimistic, with some analysts anticipating a recovery and further upward movement, while others remain wary of resistance levels and the broader macroeconomic environment. The ongoing technical developments and whale activity are seen as positive indicators.