- Ethereum surged 13.7% after Trump suspended global tariffs and increased market confidence.
- Future Pectra upgrades and staking ETFs are building interest from updated investors.
- The technical signals and momentum suggest that Ethereum could soon break above the $1,700 level.
Ethereum lighted the charts with a 13.7% jump and landed at $1,613. Such movement does not occur in a vacuum. This time, the credits are a surprising policy change from President Trump. By suspending most global tariffs for 90 days, he flipped the market’s trust switch. Crypto didn’t hesitate to React. Ethereum surged, pulling itself out of its slow slump. Adding excitement about the ETF and Pectra upgrades, I feel the $1,700 level isn’t too far away.
Crossing the on-chain of ETH today, I realized that $ETH might actually make us all off guard.
Many people keep saying it’s slow and bad, but the data suggests something else and this is one of the reasons why I’m bullish at Ethereum.
Finally, when ETH fell below the realised price…pic.twitter.com/gyskuddnmw
-dot … (@kropakropowski) April 10, 2025
I can get confidence
Until this week, Ethereum had dragged 2025 like a car stuck in the mud. But then came the unexpected announcement of Trump. Customs Relief to Expand China – Land and Land sighs as a relief sigh across the global market. Stock has been raised. Risk assets have regained their trench. And etherum? Ethereum sprinted towards the pack. A wave of optimism crashed through the cryptography circle, and Ethereum captured a complete swell. With momentum burning, the long-awaited Pectra upgrade is coming soon. The update, scheduled to be rolled out on May 7th, is intended to sharpen Ethereum’s tools.
Think smoother staking, faster deposits, and smarter data processing. The developers have laid the foundation for months. Now the chain looks ready to evolve. Meanwhile, the ETF space is heated. Large players like Fidelity, NYSE and 21Shares want to offer Ethereum ETFs with built-in staking rewards. That’s a big deal. These funds can seduce large institutional funds, daily funds, retirement accounts, and even the corporate Treasury Department. More access equals more purchasing pressure.
Momentum is built behind the scenes
Ethereum also looks attractive under the hood. The current trading price is below the realised price. This is a rare setup. Historically, these conditions have often marked market bottoms. In addition, the MVRV ratio has entered the “opportunity zone.” April 9th showed what a strong momentum really looks like.
Early in the day, a bear signal appeared on the MACD. At 1:20 UTC, RSI was flagged for being oversold and Ethereum bouncing for $1,385. By 3:45 UTC, Golden Cross had appeared. That moment turned the tone of the market overturned. Rally resisted nearly $1,492 by 6:10 UTC as RSI suggested an over-purchase level. 16:05 Another golden cross brought fresh energy to UTC.
From 17:15 to 18:35 UTC, integration has been set up. RSI has maintained its price range and showed overbuying. Then another surge occurred at 21:25 UTC. The RSI lit up again, and the Ethereum reached $1,689 before pulling back slightly. This was not just a spike, it was a statement. The chart showed strength. The community felt a change.
