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Ethereum Market Situation on April 30, 2025
Price: Ethereum (ETH) is trading at approximately $1,667.49, down 8.82% from yesterday's $1,828.76 (InvestingHaven).
Market Sentiment: Bearish overall, with technical indicators showing a mixed outlook—31% bullish sentiment and a Fear & Greed Index of 60 (Greed) (Changelly).
Recent Performance: ETH rose 12.3% over the past week but dropped 0.05% in the last hour (CoinGecko, Coinbase).
Trading Volume: 24-hour trading volume is around $15.6B to $31.27B (CoinGecko, Binance).
Market Cap: Approximately $400.37B to $451.99B, with a circulating supply of 120.48M ETH (Binance, Changelly).
Key Trends:
ETH is consolidating, with potential resistance at $2,500 and support at $1,460–$1,950 (Coinpedia, InvestingHaven).
Upcoming Pectra upgrade may improve network efficiency, potentially impacting price positively (Coinpedia, CryptoNews).
Challenges: Low blob fees ($0.16) and network activity raise sustainability concerns, though accessibility is improving (Coinpedia). 1 reply
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