{"id":22130,"date":"2025-05-07T09:16:41","date_gmt":"2025-05-07T09:16:41","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=22130"},"modified":"2025-05-14T11:14:23","modified_gmt":"2025-05-14T11:14:23","slug":"whats-happening-with-bitcoin-april-2025-2","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/whats-happening-with-bitcoin-april-2025-2","title":{"rendered":"ETH breaks key resistances thanks to an unexpected data"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/whats-happening-with-bitcoin-april-2025-2\/#who_is_behind_this_movement\" >Who is behind this movement?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/whats-happening-with-bitcoin-april-2025-2\/#why_is_this_movement_significant\" >Why is this movement significant?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/whats-happening-with-bitcoin-april-2025-2\/#how_is_this_rally_interpreted_in_the_current_context\" >How is this rally interpreted in the current context?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">Unless you live under a rock, you will know that the <a href=\"https:\/\/www.bitnovo.com\/en\/buy\/ethereum\/\">price<\/a> of <strong>Ethereum<\/strong> has risen, surpassing key resistance levels. This movement has been driven by an unexpected economic shift in the United States, which has changed market sentiment.<\/div>\n<div><\/div>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">For weeks, the price of Ethereum has been down, however, recent movements point to a possible trend change. The cryptocurrency managed to break the $2,000 barrier, generating an increase in buying pressure and renewed optimism among investors. <strong>Ether<\/strong> has even managed to outperform Bitcoin and the cryptocurrency market in general with a 15% rise, as <a href=\"https:\/\/cointelegraph.com\/news\/eth-bounces-back-dominance-recovers-all-time-low?_gl=1%2ah1k3wd%2a_ga%2aNDk2MzgyMzc3LjE3MzY4NDc3NDc.%2a_ga_53R24TEEB1%2aczE3NDY2MDcxMDAkbzIzJGcxJHQxNzQ2NjA3MTAwJGo2MCRsMCRoMzY2NzExMjA2\">Cointelegraph<\/a> tells us.<\/div>\n<div>\n<h2 class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\"><span class=\"ez-toc-section\" id=\"who_is_behind_this_movement\"><\/span><strong>Who is behind this movement?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">The recent rise of Ethereum is not a coincidence<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">\u00a0but rather a combination of factors. According to\u00a0<a href=\"https:\/\/www.tradingview.com\/news\/newsbtc:d6e8c019e09cd:0\/\" target=_blank rel=\"noopener\" rel=\"noopener\">TradingView<\/a>, the market is reacting to new\u00a0<strong>economic data from the United States<\/strong>. This data suggests weaker growth and reinforces expectations of interest rate cuts by the Federal Reserve. This macroeconomic environment increases investors&#8217; adoption of risk assets, in this case, <\/span>cryptocurrencies.<\/div>\n<div><\/div>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">At the same time, Ethereum&#8217;s momentum was strengthened\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">by the U.S. Securities and Exchange Commission (SEC) officially approving options on spot Ethereum ETFs. This\u00a0<a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/ise\/2025\/34-102798.pdf\" target=_blank rel=\"noopener\" rel=\"noopener\">approval<\/a> allows investors to trade derivative contracts based on ETH ETFs, expanding market access and increasing<\/span>\u00a0institutional demand.<\/div>\n<div><\/div>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">The SEC announcement is undoubtedly a decisive step towards <strong>greater adoption of Ethereum<\/strong> in traditional markets, which has sparked interest from large funds and professional operators.<\/div>\n<div><\/div>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">CoinGlass shows how <strong>open interest in Ethereum futures<\/strong> has soared to multi-month highs, reflecting a strong influx of speculative capital.<\/div>\n<\/div>\n<div><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-22132 size-large\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/Ethereum-futuros-1-1024x683.jpg\" alt=\"whats-happening-with-bitcoin-april-2025\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/Ethereum-futuros-1-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/Ethereum-futuros-1-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/Ethereum-futuros-1-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/Ethereum-futuros-1-1536x1024.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/Ethereum-futuros-1.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/div>\n<div>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">The combination of macroeconomic factors and positive expectations around the ETF have driven this strong Ethereum rally.<\/div>\n<div><\/div>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\"><strong>When and where has the impact of the rally been reflected?<\/strong><\/div>\n<div><\/div>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">Ethereum&#8217;s strong momentum began to take its first strokes in mid-April 2025, after the <strong>FED&#8217;s<\/strong> <a href=\"https:\/\/efe.com\/economia\/2025-04-09\/fed-inflacion-2\/\">references<\/a> to macroeconomic data in the United States showing weaker-than-expected GDP growth. Added to this is the official announcement of the approval of options on Ethereum ETFs by the SEC. This event has created a domino effect throughout the crypto ecosystem.<\/div>\n<div><\/div>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">The impact has been directly reflected in prices. As we mentioned earlier, Ethereum managed to break the psychological barrier of $2,000 and register a 15% rise in a matter of days, even outperforming Bitcoin in performance during this period. <a href=\"https:\/\/es.cointelegraph.com\/news\/sec-approves-options-spot-ether-etfs\">Cointelegraph<\/a> also highlights this. There is also a notable increase in <strong>trading volume<\/strong> and open interest on derivatives platforms, where Ethereum has reached peak levels not seen in several months.<\/div>\n<div><\/div>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">The most striking thing is that this rally has not been limited only to the price, it has also boosted optimism in <strong>layer 2 projects<\/strong>, scalability solutions and other assets related to the Ethereum ecosystem.<\/div>\n<h3 class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\"><span class=\"ez-toc-section\" id=\"why_is_this_movement_significant\"><\/span><strong>Why is this movement significant?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">The recent Ethereum rally represents a clear price recovery. The approval of options on Ethereum ETFs by the <a href=\"https:\/\/www.sec.gov\/\">SEC<\/a> gives users regulatory backing that could attract greater institutional participation in the Ethereum ecosystem. This movement suggests a growing acceptance of Ethereum in traditional financial markets, which\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">could increase its\u00a0<strong>adoption and valuation in the long run<\/strong><\/span><strong>.<\/strong><\/div>\n<div><\/div>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">This is not just an opinion. Many technical and on-chain indicators support this momentum. The relative strength index (RSI) has surpassed the neutral level of 50, indicating an increase in bullish momentum, as <strong>CNN<\/strong> indicates in this <a href=\"https:\/\/www.ccn.com\/analysis\/crypto\/ethereum-price-eth-bounces-off-key-support\/\">article<\/a>. At the same time, Ethereum&#8217;s \u00abHot Capital,\u00bb which measures active capital in the market, increased significantly, reaching $4.34 billion on April 28, according to Glassnode data. This increase boosts investor confidence and overall liquidity in the ETH market.<\/div>\n<\/div>\n<div><\/div>\n<div><img decoding=\"async\" class=\"aligncenter wp-image-22133 size-large\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/pexels-jakubzerdzicki-30623341-1024x683.jpg\" alt=\"eth-breaks-key-resistances-april-2025\n\n\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/pexels-jakubzerdzicki-30623341-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/pexels-jakubzerdzicki-30623341-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/pexels-jakubzerdzicki-30623341-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/pexels-jakubzerdzicki-30623341-1536x1025.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/04\/pexels-jakubzerdzicki-30623341-2048x1366.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/div>\n<div>\n<div><\/div>\n<h3 class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\"><span class=\"ez-toc-section\" id=\"how_is_this_rally_interpreted_in_the_current_context\"><\/span><strong>How is this rally interpreted in the current context?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">In the current macroeconomic context, and in view of\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">the Federal Reserve&#8217;s expectations of interest rate cuts<\/span>, risk assets such as cryptocurrencies are gaining ground. Ethereum, in particular, benefits from this trend, as investors seek alternatives with potential in a lower rate environment.<\/div>\n<div><\/div>\n<\/div>\n<div>\n<div class=\"paragraph-in-scc-markdown-text ___1ngh792 ftgm304 f1iaxwol\">The increase in network activity and institutional interest may suggest that Ethereum is entering a <a href=\"https:\/\/blockchain.news\/flashnews\/ethereum-price-surge-signals-start-of-utility-season-in-crypto-markets-april-2025-analysis\">phase of greater utility and adoption<\/a>. This adoption goes beyond mere speculation. It indicates that Ethereum is being valued for its functionality in decentralized applications and smart contracts. This change in focus could establish Ethereum as a key element in the digital financial infrastructure.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Ethereum has surpassed $2,000, driven by unexpected economic data from the U.S. and the approval of Ethereum ETFs by the SEC. This surge is backed by institutional demand and growing interest in decentralized applications. Investors should stay alert as Ethereum continues to show strong potential in the market.<\/p>\n","protected":false},"author":40,"featured_media":22271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-22130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/22130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=22130"}],"version-history":[{"count":4,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/22130\/revisions"}],"predecessor-version":[{"id":22328,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/22130\/revisions\/22328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/22271"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=22130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=22130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=22130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}