Ethereum (ETH) Surges 9% After Trump Announces Israel-Iran Ceasefire to End ‘The 12 DAY War’

Ether (ETH)

is buying and selling at $2,420, up 8.61% over the previous 24 hours, after surging sharply within the hours following former U.S. President Donald Trump’s sudden announcement of a ceasefire settlement between Israel and Iran, in accordance to CoinDesk Research’s technical evaluation mannequin.

The transfer seems to have reversed current war-driven market anxiousness, fueling renewed bullish sentiment throughout crypto markets.

At 10:02 p.m. UTC on June 23, Trump posted on Truth Social {that a} full ceasefire settlement had been reached by each Israel and Iran. According to his assertion, every nation would pause hostilities in coordinated phases: Iran would provoke a 12-hour ceasefire, adopted by Israel, main to a 24-hour full cessation of the battle. Trump described this as a profitable conclusion to what he labeled a 12-day conflict — one he claimed may have escalated right into a for much longer and extra devastating regional battle. He praised each side for selecting restraint and credited the settlement with averting additional turmoil within the Middle East.

The announcement injected a wave of optimism into the crypto market, particularly for high-beta belongings like ether. Prior to the rally, ETH had already been displaying indicators of power, supported by regular whale accumulation. On-chain knowledge exhibits over $265 million in ETH was acquired by massive holders through the current downturn, together with a single pockets that bought 47,070 ETH —r oughly $113 million — over a three-day interval.

Ethereum’s community fundamentals stay sturdy, with a mean of 1 million new ETH pockets addresses created weekly since mid-May, representing a 50% year-over-year improve. With volatility receding and danger urge for food returning, merchants are actually watching whether or not ETH can break via the subsequent psychological threshold of $2,500.

Technical Analysis Highlights

• ETH rallied 7.7% from $2,230 to $2,401 over the 24-hour evaluation window.
• High-volume assist shaped between $2,220 and $2,230, with preliminary shopping for at $2,191.36.
• Price broke out above $2,400 through the 22:02–22:11 window as quantity spiked to 28,149 ETH.
• Resistance at $2,275 flipped into assist as shopping for momentum accelerated.
• ETH touched an intrahour excessive of $2,434.95 earlier than coming into a consolidation part.
• Price motion shaped a possible bull flag as ETH traded between $2,390 and $2,402.
• Volume surged to 2.5x the 24-hour common within the last three hours of the session.
• Higher lows confirmed bullish construction all through the uptrend.

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