The cryptocurrency market has shown intriguing signals recently, with a specific focus on Ethereum (ETH) as highlighted by prominent crypto analyst Michaël van de Poppe. In a tweet posted on April 29, 2025, at 10:15 AM UTC, van de Poppe noted a strong bullish divergence for ETH against Bitcoin (BTC), predicting a potential rally to $2,500 within the next 2-4 weeks (Source: Twitter, @CryptoMichNL, April 29, 2025). This statement came alongside observations on broader financial markets, including gold consolidation and falling yields, which could indirectly influence crypto sentiment. As of April 29, 2025, at 9:00 AM UTC, ETH was trading at $1,920 on Binance, reflecting a 3.2% increase over the previous 24 hours, with trading volume spiking to 12.5 million ETH traded across major exchanges (Source: CoinGecko, April 29, 2025). This price movement aligns with van de Poppe’s bullish outlook, as ETH/BTC pair data on TradingView shows a divergence on the 4-hour chart, with ETH gaining 2.1% against BTC since April 27, 2025, at 6:00 PM UTC (Source: TradingView, April 29, 2025). On-chain metrics further support this momentum, with Ethereum’s network activity showing a 15% increase in daily active addresses, reaching 485,000 as of April 28, 2025, at 11:59 PM UTC (Source: Glassnode, April 29, 2025). Additionally, ETH staking deposits have risen by 8% week-over-week, indicating growing confidence among long-term holders (Source: Dune Analytics, April 29, 2025). This confluence of data points suggests a potential breakout for Ethereum, making it a focal point for traders searching for Ethereum price predictions 2025 or ETH trading strategies.

Delving into the trading implications, van de Poppe’s forecast of ETH reaching $2,500 by mid-May 2025 implies a potential upside of approximately 30% from its current price of $1,920 as of April 29, 2025, at 9:00 AM UTC (Source: CoinGecko, April 29, 2025). For traders, this presents multiple opportunities across ETH/USD and ETH/BTC pairs. On Binance, the ETH/USD pair saw a 24-hour trading volume of $1.8 billion as of April 29, 2025, at 10:00 AM UTC, up 25% from the previous day, signaling heightened market interest (Source: Binance, April 29, 2025). Meanwhile, the ETH/BTC pair on Kraken recorded a volume of 9,800 BTC in the same timeframe, reflecting a 17% increase compared to April 28, 2025 (Source: Kraken, April 29, 2025). These volume surges suggest that momentum traders might consider entry points around $1,900-$1,950, with stop-loss levels near $1,850, targeting van de Poppe’s $2,500 prediction. Additionally, on-chain data from IntoTheBlock reveals that 62% of ETH holders are currently in profit as of April 29, 2025, at 8:00 AM UTC, which could fuel further buying pressure if sentiment remains positive (Source: IntoTheBlock, April 29, 2025). For those exploring Ethereum trading signals or ETH price breakout analysis, monitoring resistance levels near $2,100—last tested on April 15, 2025, at 3:00 PM UTC—will be crucial (Source: TradingView, April 29, 2025). Additionally, with AI-driven trading bots increasingly influencing crypto markets, tools leveraging machine learning have flagged ETH as a top altcoin for potential gains, correlating with a 10% uptick in algorithmic trading volume for ETH pairs since April 25, 2025 (Source: CryptoQuant, April 29, 2025).

From a technical perspective, Ethereum’s price action is supported by key indicators as of April 29, 2025. On the daily chart, ETH is trading above its 50-day moving average of $1,880, recorded at 12:00 AM UTC, signaling bullish momentum (Source: TradingView, April 29, 2025). The Relative Strength Index (RSI) stands at 58 on the 4-hour chart as of 10:00 AM UTC, indicating room for upward movement before overbought conditions are reached (Source: TradingView, April 29, 2025). Volume analysis further supports this, with Binance reporting a peak of $2.1 billion in ETH spot trading volume during the 24-hour period ending April 29, 2025, at 9:00 AM UTC, a 30% increase from the prior day (Source: Binance, April 29, 2025). On Coinbase, ETH futures volume reached $850 million in the same period, up 22% from April 28, 2025 (Source: Coinbase, April 29, 2025). Regarding AI-crypto correlations, recent advancements in AI trading algorithms have driven interest in tokens like Fetch.ai (FET), which saw a 5.4% price increase to $0.42 as of April 29, 2025, at 10:00 AM UTC, with trading volume up 18% to $95 million (Source: CoinMarketCap, April 29, 2025). This suggests that AI sentiment is positively impacting related crypto assets, potentially amplifying ETH’s rally due to its smart contract capabilities aligning with AI use cases. Traders looking for AI crypto trading opportunities or Ethereum market analysis 2025 should note this crossover trend. On-chain whale activity for ETH also shows accumulation, with transactions over $100,000 increasing by 12% to 1,200 transactions on April 28, 2025, at 11:59 PM UTC (Source: Whale Alert, April 29, 2025). These metrics collectively paint a bullish picture for ETH, aligning with van de Poppe’s outlook and offering actionable insights for crypto trading strategies.

FAQ Section:
What is the current price of Ethereum as of April 29, 2025?
As of April 29, 2025, at 9:00 AM UTC, Ethereum is trading at $1,920 on Binance, reflecting a 3.2% increase in the last 24 hours according to data from CoinGecko.

What are the key technical indicators supporting ETH’s bullish trend?
Key indicators include ETH trading above its 50-day moving average of $1,880 on the daily chart as of April 29, 2025, at 12:00 AM UTC, and an RSI of 58 on the 4-hour chart at 10:00 AM UTC, indicating bullish momentum with room for growth, as per TradingView data.