THE Lit cryptography market After Donald Trump announced a double-phase ceasefire between Israel and Iran, soothing geopolitical tensions and boosting risk appetites. Ethereum led the rally with an impressive increase of 9%, going from $ 2,230 to a summit of $ 2,434. At the time of writing Ethn price Oscille about $ 2,420, reporting growing confidence among investors.
Purchase of whale and impetus of the network’s strength driving
Behind the pointed movement of Ethereum was a strong accumulation of whales when last week drops. The data revealed that major holders increased more than $ 265 million in ETH, including only one portfolio which acquired 47,070 ETH, worth more than $ 113 million, within three days. This aggressive purchase has strengthened the resilience of ETH despite wider market tremors.
Meanwhile, the Ethereum network continues to show strong growth. Since mid-May, the platform has an average of around one million new portfolio addresses every week, marking a 50% increase from one year to the next. This increase in network activity highlights a sustained interest Ethereum ecosystemEven among the external uncertainties.
Trump’s ceasefire triggers market optimism
Unexpected announcement of Trump’s June 23 on Social truth pointed out a coordinated de -escalation plan between Israel and Iran. The progressive ceasefire started with a 12-hour break from Iran, followed by Israel, leading to a complete 24-hour stop. The news has injected optimism into the risk markets, cryptographic assets rebounding quickly as the fears of a prolonged conflict were waste.
Technical breakout defines ETH on an increased track
Ethereum’s escape above $ 2,400 was marked by solid technical signals. The volume increased to 2.5 times the average 24 hours a day during the last hours of the session, while ETH formed a model of bull flag between $ 2,390 and $ 2,402. The initial resistance at $ 2,275 has returned to support, the price peak at $ 2,434 before entering a brief consolidation.
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As Ethereum is negotiated in a lower scheme, the next psychological barrier is $ 2,500. With the strength of the network, the support of whales and the alignment of reduced macro-teens, traders now have an objective to know if the ETH can further prolong this escape.
Good time to buy ETH?
Ethereum could be under a slight pressure now, but some traders see this dive as a gold opportunity. According to the Crypto analyst AlienovichoETH approaches a potential purchasing area between $ 2,140 and $ 1,970, an area that could trigger a rebound if the feeling of the market is stable. While Altcoin has proven to be slightly, its current price of about $ 2,264 shows only a slight drop, and the volume is up, referring to this interest.
If Ethereum does not react to this key beach, the eyes can move to the next level of major support nearly $ 1,800, which is aligned with previous price structures. However, if the rebound occurs, an overcoming resistance of $ 2,300 could soon follow, in particular with traders showing renewed confidence.
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