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As of April 23, 2025, the Ethereum market is experiencing bearish sentiment. ETH is trading around $1,578-$1,835, with a market cap of approximately $190-$215 billion. Prices have declined by about 2.8%-8.18% in the last 24 hours and up to 44% year-to-date, driven by negative net flows and fading momentum. Technical indicators, such as falling 50-day and 200-day moving averages, suggest a weakening trend, with key support levels at $1,460-$1,950. Despite short-term challenges, long-term optimism persists due to upcoming upgrades like Pectra and strong fundamentals in DeFi and NFTs. 0 reply
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