Ethereum (ETH) fell 9% after Trump announced the Israel-Iran ceasefire to end the ’12 Day War ‘

Ether (ether)

is the trade at $ 2,420, up to 8.61% over the past 24 hours, after the intense seizure of the hours following the unexpected announcement of former US president Donald Trump of a cessation agreement between Israel and Iran, according to the CoinDesk Resarch’s technical review model.

The move appears to be reversed by the recent anxiety in the war -driven market, the fuel that has changed bullish emotions in the crypto markets.

At 10:02 pm UTC on June 23, Trump Na -Post In fact social that a whole cessation agreement has been reached by both Israel and Iran. According to his statement, each country will pause the hostilities in coordinated stages: Iran will start a 12-hour ceasefire, followed by Israel, leading to a 24-hour complete cessation of the conflict. Trump described this as a successful conclusion on what was labeled as a 12-day war-one he claimed could rise to the longer and more devastating conflicts in the region. He praised both sides for the selection of restraint and recognized the agreement of further unrest in the Middle East.

The announcement has injected a wave of optimism in the crypto market, especially for high-beta assets such as Ether. Prior to the rally, the ETH showed signs of strength, supported by stable whale accumulation. On-chain data shows more than $ 265 million in ETH being obtained by large holders during the recent collapse, including a single purse that bought 47,070 ETH-for $ 113 million-a three-day period.

The foundations of the Ethereum network remain stable, with an average of 1 million new ETH wallet addresses created weekly since mid-May, representing a 50% year-to-year increase. By volatility to retract and return appetite, entrepreneurs are now watching if ETH can break the next psychological threshold of $ 2,500.

Technical assessments

• ETH 7.7% rallied from $ 2,230 to $ 2,401 to 24-hour review window.
• High volume support formed between $ 2,220 and $ 2,230, with an initial purchase at $ 2,191.36.
• The price exploded above $ 2,400 during 22: 02–22: 11 window as the volume rotated at 28,149 ETH.
• Opposition to $ 2,275 supports support while buying momentum is accelerated.
• ETH touched an intrahour high of $ 2,434.95 before entering a phase of integration.
• Price action is formed by a potential bull flag as exchanged by ETH between $ 2,390 and $ 2,402.
• The 24 -hour average has evolved to 2.5x in the last three hours of the session.
• Higher lows have been confirmed bullish structure throughout the uprising.

Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.