1. Current price and market indicators
- The price of ETH on April 27, 2025, is $1,799.37, with a daily range of $1,786.37–$1,854.66. The market capitalization reached $399.67 billion, and the 24-hour trading volume was $48.87 billion. Ethereum's dominance in the cryptocurrency market is 12.26%.
- Technical indicators:
- Fear and Greed Index — 83 (extreme greed).
- Price is above key moving averages (EMA 10, 20, 50 days), but below long-term ones (EMA 200 days — $2,705.86), indicating mixed signals.
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2. Forecasts and technical analysis
- Short-term forecast:
- According to Elliott Wave Analysis, a correction to the level of $1,471.55 is possible as part of the completion of wave (4). However, after that, a resumption of the upward trend is expected.
- The 'Bullish Pennant' pattern on the daily chart indicates growth potential to $3,879.58 upon breaking the resistance of $3,441.88.
- Long-term forecast:
- By the end of 2025, analysts predict an average price of $5,025 with a possible maximum of $5,961.
- By 2030, growth is expected to $37,365, and by 2040 — to $108,861.
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3. Events and network updates
- PECTRA upgrade: Scheduled for April 30, 2025, the update will merge Prague and Electra, implementing 5 new EIPs to improve scalability and network performance.
- Celo Integration: Celo has completed its transition to Ethereum Layer 2, maintaining key features (fast transactions, low fees) and enhancing security through Ethereum. This expands the Ethereum ecosystem, including 1,000+ projects and 8 million users.
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4. Institutional interest and ETFs
- Ethereum ETF: Approval of spot ETFs by the SEC in 2025 could be a catalyst for growth. Bitwise analysts predict this will raise the price of ETH above $5,000.
- Major players: Institutional investors, including Tesla, hold ETH reserves, stabilizing the market. For example, Semler Scientific increased its holdings to 3,303 BTC (similar trends are observed for ETH).
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5. Risks and challenges
- Correction: Santiment analysts warn of a possible short-term correction due to profit-taking by small traders. The key support level is $2,740.37.
- Regulatory issues: Despite the resolution of legal disputes with the SEC, global regulatory risks remain, including positions of central banks (e.g., the Swiss National Bank refused to include cryptocurrencies in reserves).
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Conclusion: As of April 27, 2025, Ethereum shows a moderately bullish trend with growth potential supported by technological updates and institutional demand. However, short-term volatility and correction remain likely. Investors should monitor key levels ($3,441.88 and $2,740.37) and news regarding the PECTRA upgrade.
