Ether
According to the technical analysis model of CoindSk Research, after the unexpected announcement of a ceasefire agreement between Israel and Iran by former US President Donald Trump, in the last 24 hours, in the last 24 hours, trading at $ 8.61% in the last 24 hours at $ 2,420.
This step reverses the anxiety of the war-operated market recently, promoting freshly faster emotion in the crypto markets.
UTC, Trump at 10:02 pm on 23 June Posted Truth social that a complete ceasefire agreement was signed by both Israel and Iran. According to his statement, each country will prevent enmity in coordinated stages: Iran will start a 12 -hour ceasefire, followed by Israel, which will give a full completion of 24 hours of conflict. Trump described it as a successful conclusion, which he labeled for a 12-day war-one he claimed that he could grow in much and more destructive regional conflicts. He praised both sides for choosing restraint and credited the agreement in the Middle East and with the upheaval.
The declaration injected a wave of optimism in the crypto market, especially for high-bit assets such as ether. Prior to the rally, ETH was already showing symptoms of strength, supported by stable whale accumulation. ETH shows on-chain data over $ 265 million that was recently acquired by large holders during the recession, including a single wallet, which bought a 47,070 Ath-R $ 113 million over a three-day period.
Etherem’s network fundamentals are strong, on average, with 1 million new ETH wallet addresses made weekly from mid-May, representing 50% year-to-year growth. With instability and with the return of risk, traders are now seeing whether Eth can break through the next psychological threshold of $ 2,500.
Technical analysis highlights
- Eth rally rally $ 2,230 to $ 2,401 to 7.7% on the 24-hour analysis window.
- Higher-lecracy support between $ 2,220 and $ 2,230, with initial procurement at $ 2,191.36.
- 22: 02–22: The price during the window has increased to above $ 2,400, as the volume is 28,149 as ETH.
- The resistance speed at $ 2,275 was flipped in support as quick purchase.
- Eth touched an intrah of $ 2,434.95 before entering a consolidation phase.
- Price action formed a possible bull flag as Eth between $ 2,390 and $ 2,402.
- In the last three hours of the session, the volume increased to 2.5x by an average of 24-hour.
- High climb confirmed the faster structure throughout the time.
Disclaimer: Some parts of this article were generated with assistance from the AI tool and reviewed by our editorial team to ensure accuracy and adherence. Our standard. See for more information Coindesk’s full AI policy.
