Price Analysis View Non-AMP

Ethereum Price Analysis Today: key Short-term Targets for ETH to Consider Ahead

Published by
Steve Muchoki

Ethereum (ETH) price followed Bitcoin (BTC) in a bullish outlook on Tuesday, April 22, potentially ending a multi-week market correction. The large-cap altcoin, with a fully diluted valuation of about $205 billion, recorded a 36 percent surge in its 24-hour average trading volume to hover about $20B at the time of this writing.

For the first time since April 6, Ether’s price rallied beyond $1.7k on Tuesday during the mid-North American session. 

Ethereum Whales Gradually Return

According to market data from Intotheblock, Ethereum’s adoption rate has gradually grown, signaling potential decoupling from crazy speculation. The rising tokenization of real-world assets (RWAs) on the Ethereum network has helped increase on-chain activity and attract more whale traders.

On-chain data by Lookonchain shows a whale investor has accumulated 48,477 ETH from crypto exchanges since Feb 15, and is currently sitting on a loss of about $21 million. Meanwhile, cash outflow from U.S. spot Ether ETFs has significantly declined in the past few days, signaling growing market confidence.

Midterm Ether Price Target

For the first time since the second inauguration of U.S. President Donald Trump, Ether price, against the U.S. dollar pierced through the daily falling logarithmic trend. After establishing a robust support level above $1,500 in the past two weeks, Ether’s price is well primed for a market reversal.

From a technical analysis standpoint, the daily MACD indicator is approaching the bullish flippening zone. Meanwhile, the daily Relative Strength Index (RSI) has been forming a bullish divergence and a reversal will be confirmed if the indicator consistently closes above the 50 percent level.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Recent Posts

BNB Overtakes Rolls-Royce in Market Cap

BNB has overtaken Rolls-Royce Holdings in market capitalization, marking another major milestone for the Binance…

July 23, 2025

Ripple’s National Trust Bank Charter Could Get Fast-Tracked—If the Fed Wants It, Says Analyst

The U.S. banking system might be going through one of its biggest changes in years…

July 23, 2025

XRP Beats the Big Mac: Third-largest Crypto Surpasses McDonald’s Value

XRP has surged 500% from July 2024, reaching a new all-time high of $3.65. Additionally,…

July 23, 2025

Fact Check: Is SWIFT Teaming Up with Ripple for XRP Payments?

A viral headline is making waves across crypto communities, claiming SWIFT has officially approved Ripple…

July 23, 2025

Ethereum Price Outpaces Bitcoin and XRP Amid Bullish Momentum

The Ethereum price has risen 19% in the last 7 days and an impressive 64%…

July 23, 2025

After BNB will this Altcoin Hit a New ATH Next?

Pengu, the Solana-based meme coin, has stunned the market with a 19.26% daily surge and…

July 23, 2025