$ETH Ethereum today: Is a solid recovery on the horizon?

On April 26, 2025, Ethereum (ETH) shows mixed signals following a rally driven by Trump's announcement to pause global tariffs for 90 days, except with China, where rates rose to 125%. Markets reacted positively, with Bitcoin surpassing $83,000 and ETH gaining 10% this week, trading near $1,750. However, the euphoria may be a relief rally rather than a sustained recovery.

Despite increasing transaction volume (1.3 million daily) and a 42.5% growth in DeFi TVL in 2025, ETH faces technical resistance at $1,800 and a downward trend in the daily chart. The accumulation of 1.11 million ETH by long-term addresses reflects confidence, but outflows of 178,900 ETH to exchanges indicate selling. Uncertainty due to tensions with China and the decline of the dollar suggest volatility. Do you think ETH will break $2,000?