Ether (ETH) price surged by 10% on April 23, reaching $1,795, driven by optimism surrounding the US-China trade war de-escalation. The increased trading volume, up by 67% to $26.6 billion, reflects strong demand. The broader crypto market also rallied, with Bitcoin (BTC) trading at $94,000, up 6.5%, and XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) posting significant gains. President Trump’s statement hinting at reduced tariffs on Chinese goods led to improved investor confidence in riskier assets, including cryptocurrencies. The surge in ETH price was accompanied by significant liquidations in the derivatives market, with over $109 million in short ETH positions liquidated in the last 24 hours. This surge in demand is reflected in the 16% increase in open interest to $21.92 billion and positive funding rates in ETH perpetual futures markets. Analysts suggest that ETH price must hold above $1.6K to sustain the upward momentum, with the next resistance levels at $1,950 and $2,100. The RSI indicates that ETH is overbought, signaling a potential pullback. Rekt Capital emphasizes the importance of ETH holding above $1,600 to continue the upward trend. Overcoming the 50-day SMA at $1,830 is crucial for ETH to target $2,100. This analysis does not provide investment advice, and readers are encouraged to conduct their own research before making financial decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ether (ETH) price surged by 10% on April 23, reaching $1,795, driven by optimism surrounding the US-China trade war de-escalation. The increased trading volume, up by 67% to $26.6 billion, reflects strong demand. The broader crypto market also rallied, with Bitcoin (BTC) trading at $94,000, up 6.5%, and XRP, Solana (SOL), Dogecoin (DOGE), and Cardano […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/106897"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=106897"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/106897\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=106897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=106897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=106897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}