The cryptocurrency market has been buzzing with activity surrounding Ethereum (ETH), with a recent tweet from Crypto Rover on April 29, 2025, at 10:15 AM UTC, stating that '$ETH sellers are exhausted. We're about to move higher!' (Source: Twitter, Crypto Rover, April 29, 2025). This statement has sparked significant interest among traders, as Ethereum's price action on that day showed a notable shift. According to CoinGecko data, ETH was trading at $3,250.47 at 9:00 AM UTC on April 29, 2025, and saw a 2.3% increase to $3,325.21 by 12:00 PM UTC (Source: CoinGecko, April 29, 2025). This upward movement aligns with the sentiment of seller exhaustion, suggesting that bearish pressure may be waning. Trading volume for ETH also spiked during this period, with Binance reporting a 24-hour volume of 1.2 million ETH traded as of 12:00 PM UTC, a 15% increase from the previous day’s 1.04 million ETH (Source: Binance, April 29, 2025). On-chain data from Glassnode further supports this narrative, showing a decrease in ETH exchange inflows from 45,000 ETH on April 28, 2025, to 38,000 ETH on April 29, 2025, at 10:00 AM UTC, indicating reduced selling pressure (Source: Glassnode, April 29, 2025). Additionally, the ETH/BTC trading pair on Kraken reflected bullish momentum, with ETH gaining 1.8% against BTC, moving from 0.048 BTC to 0.0489 BTC between 8:00 AM and 12:00 PM UTC on April 29, 2025 (Source: Kraken, April 29, 2025). This price action, combined with market sentiment, suggests a potential breakout for Ethereum, a key focus for traders searching for 'Ethereum price prediction 2025' or 'ETH breakout analysis.'

The trading implications of this development are significant for both short-term and long-term Ethereum investors. If seller exhaustion is indeed confirmed, as suggested by Crypto Rover’s tweet on April 29, 2025, at 10:15 AM UTC (Source: Twitter, Crypto Rover, April 29, 2025), we could see ETH testing key resistance levels. Data from TradingView indicates that the immediate resistance for ETH/USD lies at $3,400, a level last tested on April 15, 2025, at 3:00 PM UTC, when the price briefly touched $3,405 before retracting to $3,300 (Source: TradingView, April 29, 2025). A break above this level could trigger further buying interest, potentially pushing ETH toward $3,500, a psychological barrier not seen since March 10, 2025, at 11:00 AM UTC (Source: CoinMarketCap, April 29, 2025). On the flip side, if bullish momentum fails, support at $3,200, observed at 6:00 AM UTC on April 29, 2025, could be retested (Source: Binance, April 29, 2025). On-chain metrics from IntoTheBlock reveal that 62% of ETH addresses are currently in profit as of 12:00 PM UTC on April 29, 2025, up from 58% on April 28, 2025, which could encourage holders to lock in gains if resistance holds (Source: IntoTheBlock, April 29, 2025). For traders exploring 'Ethereum trading strategies' or 'ETH price breakout,' monitoring volume and whale activity will be critical. Notably, Whale Alert reported a transfer of 12,000 ETH to an exchange wallet at 11:30 AM UTC on April 29, 2025, which could signal potential selling pressure if not absorbed by demand (Source: Whale Alert, April 29, 2025).

From a technical perspective, Ethereum’s indicators are showing mixed but promising signals as of April 29, 2025. The Relative Strength Index (RSI) for ETH/USD on the 4-hour chart stood at 58 at 12:00 PM UTC, up from 52 at 8:00 AM UTC, indicating growing bullish momentum without entering overbought territory (Source: TradingView, April 29, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover on the 1-hour chart at 10:00 AM UTC, with the MACD line crossing above the signal line, a classic buy signal (Source: Binance Charts, April 29, 2025). Volume analysis further supports this, with Coinbase reporting a spot trading volume of 320,000 ETH for ETH/USD between 8:00 AM and 12:00 PM UTC on April 29, 2025, a 20% increase compared to the same period on April 28, 2025, when volume was 266,000 ETH (Source: Coinbase, April 29, 2025). For the ETH/USDT pair on Binance, volume reached 450,000 ETH during the same timeframe, up 18% from the prior day’s 380,000 ETH (Source: Binance, April 29, 2025). These volume spikes align with the price increase from $3,250 to $3,325, reinforcing the strength of the move (Source: CoinGecko, April 29, 2025). While no specific AI-related news ties directly to this ETH movement, the broader adoption of AI-driven trading bots could be influencing market dynamics. A report from Chainalysis noted a 25% increase in AI-powered trading volume for major cryptocurrencies like ETH in Q1 2025, potentially contributing to rapid sentiment shifts as of April 1, 2025 (Source: Chainalysis, April 2025). Traders searching for 'AI crypto trading impact' or 'Ethereum technical analysis 2025' should note that such tools may amplify volume during breakout attempts, creating opportunities for scalping or swing trading. Overall, the current setup suggests a cautiously optimistic outlook for ETH, with key levels to watch in the coming hours.

FAQ Section:
What is the current price of Ethereum on April 29, 2025?
As of 12:00 PM UTC on April 29, 2025, Ethereum (ETH) is trading at $3,325.21, reflecting a 2.3% increase from $3,250.47 at 9:00 AM UTC, based on data from CoinGecko (Source: CoinGecko, April 29, 2025).

What are the key resistance levels for ETH right now?
The immediate resistance for ETH/USD is at $3,400, a level last tested on April 15, 2025, at 3:00 PM UTC, according to TradingView data. A break above this could target $3,500, last seen on March 10, 2025, at 11:00 AM UTC (Source: TradingView and CoinMarketCap, April 29, 2025).