Ethereum Price Today: $2,200
- Ethereum surged 20% after President Trump announced a US-UK trade deal.
- On-chain data reveals rising buying pressure, propelling ETH to outperform other top 10 cryptocurrencies.
- After reclaiming the $2,000 psychological level, Ethereum may face resistance near $2,250.
Ethereum (ETH) rallied 20% on Thursday, reclaiming the $2,000 milestone amid bullish sentiment following the US-UK trade agreement. On-chain metrics indicate aggressive ETH accumulation by investors as global trade tensions ease.
Ethereum Rallies on US-UK Trade Deal Momentum
Ethereum outperformed its top 10 crypto peers with a 20% surge after the US and UK finalized a "comprehensive" trade deal, eliminating tariffs on steel/aluminum and reducing baseline duties to 10%.
President Trump emphasized advanced negotiations with other nations, fueling market optimism. ETH, which faced a Q1 downturn due to trade wars, has steadily recovered since late April.
Institutional interest is rising:
- Abraxas Capital acquired 49,644 ETH via Binance/Kraken (per Lookonchain).
- Exchange reserves dropped 323,000 ETH since April 24, signaling buying pressure.
👉 Discover how institutional moves impact ETH trends
Derivatives data reflects bullish momentum:
- Open Interest (OI) spiked to 120.8M ETH ($250.4B), per Coinglass.
- ETH’s price correlation with Bitcoin remains strong as BTC surpassed $100,000 for the first time since February.
Ethereum Ecosystem Developments
The Pectra upgrade introduced new mainnet features, with developers now focusing on the Fusaka upgrade (planned for late 2025).
The Ethereum Foundation allocated $32.64M in Q1 2025 grants to projects enhancing:
- Consensus layer
- Zero-knowledge proofs
- Developer tools
- Execution layer scalability
Ethereum Price Forecast: Key Levels to Watch
ETH futures saw $188M** in liquidations (24hrs), with shorts dominating at **$166.75M.
Technical Outlook:
- Support: $1,800 (reinforced by 14-day EMA & 50-day SMA).
- Resistance: $2,100–$2,250 (100-day SMA). Breakthrough could target $2,550.
- Indicators: RSI/Stochastic show overbought conditions but retain upward momentum.
Ethereum FAQs
What is Ethereum?
Ethereum is a decentralized blockchain enabling smart contracts. Its native token, ETH, powers DeFi, NFTs, DAOs, and more.
How do smart contracts work?
Self-executing code that automates agreements when predefined conditions are met.
What is staking?
Staking involves locking crypto to earn rewards while securing the network. Ethereum transitioned from PoW to PoS in September 2022 ("The Merge").
What is gas?
Transaction fees on Ethereum, measured in gas units. High network congestion raises gas costs.
👉 Explore ETH staking opportunities
Market correlations underscore ETH’s sensitivity to macro trends. Strategic accumulation at key levels could capitalize on its recovery phase.
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