Ethereum Reclaims $1,650 as Market Recovers

Trending

April 12, 2025 10:28 PM

In Brief:
ETH is trading at $1,651.22 on OKX, up 5.07% in 24 hours.
The rebound comes amid renewed optimism after recent market volatility.

Ethereum has surged back above the $1,650 mark, showing signs of resilience after last week’s widespread correction across the crypto market. According to OKX data, ETH/USDT is now trading at $1,651.22, reflecting a 24-hour gain of 5.07%.

This upward move comes amid a broader recovery in digital assets following Trump’s temporary tariff suspension and easing macroeconomic tensions. Analysts note that ETH’s momentum may continue if it sustains above key resistance zones near $1,670.

Disclaimer: Backdoor provides informational content only, it is not offered or intended to be used as legal, tax, investment, financial, or other advice. Investments in digital assets involve risk, and past performance does not guarantee future results. We recommend conducting your own research before making any investment decisions.