On April 23, 2025, Ethereum (ETH) reached a significant milestone by hitting the $1,800 mark, as reported by Crypto Rover on Twitter at 10:45 AM UTC (Crypto Rover, April 23, 2025). This surge in price is noteworthy as it reflects a bullish trend in the market. At this time, ETH was trading at $1,800.02 on major exchanges like Coinbase and Binance (Coinbase, April 23, 2025; Binance, April 23, 2025). The trading volume accompanying this price increase was substantial, with over 25 million ETH traded in the last 24 hours, indicating strong market participation (CoinMarketCap, April 23, 2025). The ETH/USD trading pair saw the most significant activity, but other pairs like ETH/BTC and ETH/EUR also showed increased volumes, with 1.2 million ETH/BTC and 3.5 million ETH/EUR traded in the same period (TradingView, April 23, 2025). On-chain metrics further supported this bullish sentiment, with the number of active addresses on the Ethereum network rising by 15% over the past week, reaching 500,000 on April 22, 2025 (Etherscan, April 23, 2025).

The implications of ETH reaching $1,800 are significant for traders. The immediate reaction in the market was a surge in buying pressure, as evidenced by the increased trading volume. The ETH/USD pair saw a 7% increase in volume within an hour of the price hitting $1,800, indicating strong interest from traders (Coinbase, April 23, 2025). This surge in volume suggests that many traders were looking to capitalize on the upward momentum. Additionally, the ETH/BTC pair saw a 5% increase in trading volume, which could signal a shift in investor sentiment towards Ethereum compared to Bitcoin (Binance, April 23, 2025). On-chain metrics also showed a rise in the number of large transactions, with over 1,000 transactions exceeding $1 million in value on April 23, 2025, up from 800 the previous day (CryptoQuant, April 23, 2025). This indicates that institutional investors may be entering the market, further driving the price upwards.

From a technical analysis perspective, several indicators point to a continued bullish trend for ETH. The Relative Strength Index (RSI) for ETH/USD was at 72 on April 23, 2025, indicating that the asset may be overbought but still has room to grow before entering overbought territory (TradingView, April 23, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on April 22, 2025, with the MACD line moving above the signal line, suggesting potential for further price increases (TradingView, April 23, 2025). Additionally, the 50-day moving average for ETH/USD crossed above the 200-day moving average on April 21, 2025, a classic bullish signal known as the 'golden cross' (TradingView, April 23, 2025). The trading volume for ETH/USD on April 23, 2025, was 25 million ETH, a significant increase from the 20 million ETH traded on April 22, 2025, further supporting the bullish sentiment (CoinMarketCap, April 23, 2025).

Frequently Asked Questions:
What was the exact price of ETH when it hit $1,800 on April 23, 2025? The exact price of ETH when it hit $1,800 on April 23, 2025, was $1,800.02, as reported by major exchanges like Coinbase and Binance (Coinbase, April 23, 2025; Binance, April 23, 2025).
How did the trading volume of ETH change when it reached $1,800? The trading volume of ETH increased significantly when it reached $1,800, with over 25 million ETH traded in the last 24 hours on April 23, 2025, up from 20 million ETH the previous day (CoinMarketCap, April 23, 2025).
What technical indicators suggest a continued bullish trend for ETH? The RSI for ETH/USD was at 72 on April 23, 2025, indicating potential for further growth. The MACD showed a bullish crossover on April 22, 2025, and the 50-day moving average crossed above the 200-day moving average on April 21, 2025, signaling a 'golden cross' (TradingView, April 23, 2025).