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Ether (ETH)
It trades for $ 2,420, which is 8.61% in the last 24 hours, after it has risen sharply in hours after the unexpected announcement of former US President Donald Trump on an agreement between Israel and Iran.
This step seems to have reversed the recent market anxiety in the war and supported the restored bull sentiment in the market crypto.
At 23:02 UTC 23 June Trump published Social truth that Israel and Iran have reached a complete ceasefire agreement. According to his statement, each country would suspend hostility in coordinated stages: Iran would start a 12 -hour ceasefire followed by Israel, led to a 24 -hour complete end of the conflict. Trump described this as a successful conclusion of what he had described as a 12-day war-Ten, which he claimed could escalate into a much longer and more devastating regional conflict. He appreciated both parties for selecting restrictions and attributed an agreement to avert other unrest in the Middle East.
The announcement inserted the wave of optimism to the crypto market, especially for assets with high beta, such as ether. Before the assembly, ETH had already showed signs of force supported by the accumulation of the permanent whale. The chain data shows that during a recent decline, large holders have received more than $ 265 million in ETH, including one wallet that purchased $ 47,070 during the three-day period.
The foundations of the Ethereum network remain robust, on average 1 million new addresses ETH wallets created every week by mid -May, which represents 50% year -on -year increase. With the return of volatility and returning to the risk of appetite, traders now monitor whether ETH can break another psychological threshold of $ 2,500.
Emphasizing technical analysis
- ETH gathered by 7.7% of 2,230 to $ 2,401 compared to a 24 -hour analysis window.
- High volume support was created between $ 2,220 and $ 2,230, with an initial purchase for $ 2,191.36.
- The price broke over $ 2,400 during the 22: 02–22: 11 window when the volume increased to 28,149 ETH.
- Resistance to $ 275 turned into support when the purchase of momentum accelerated.
- Before entering the consolidation phase, ETH touched an intrahour maximum of $ 2,434.95.
- The price action created a potential bull flag when ETH traded between $ 2,390 and $ 2,402.
- In the last three hours of the session, the volume has emerged at a 2.5x 24 -hour diameter.
- Higher minimum confirmed the bull structure throughout UPTREND.
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