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Ethereum Market Snapshot: April 22, 2025
Ethereum (ETH) is trading at $1,578-$1,648, down 1.7% in 24 hours and 2.7% over the past week, with bearish sentiment dominating. Technical indicators show oversold conditions, with support at $1,579 and resistance at $1,625.
Key Drivers:
Pectra Upgrade (Q1 2025): Promises cheaper transactions and better smart contracts.
Layer-2 Growth: Arbitrum and Optimism boost scalability, but high gas fees remain a hurdle.
ETH Burns: Weekly burns of 500+ ETH could reduce supply, though 400,000 ETH was added since April 2024.
Institutional Moves: Ethereum ETFs see $401M outflows in March, but a crypto-friendly U.S. policy fuels optimism.
2025 Outlook:
Conservative: $1,700-$2,500, with risks below $1,460.
Bullish: $5,925-$10,000 if upgrades and adoption kick in.
Long-Term: $6,300-$20,643 by 2030.
Takeaway: ETH faces short-term volatility but shines long-term with DeFi and Layer-2 strength. Watch $1,579 support and Pectra for a potential rally. 0 reply
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