{"id":33302,"date":"2025-06-24T00:16:46","date_gmt":"2025-06-24T00:16:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33302"},"modified":"2025-06-24T00:16:46","modified_gmt":"2025-06-24T00:16:46","slug":"eth-surges-9-as-crypto-market-celebrates-trumps-ceasefire-announcement","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33302","title":{"rendered":"ETH Surges 9% as Crypto Market Celebrates Trump&#8217;s Ceasefire Announcement"},"content":{"rendered":"<div>\n<p>Ether (ETH) ETH is trading at $2,420, up 8.61% over the past 24 hours, after surging sharply in the hours following former U.S. President Donald Trump\u2019s unexpected announcement of a ceasefire agreement between Israel and Iran, according to CoinDesk Research&#8217;s technical analysis model. <\/p>\n<p>The move appears to have reversed recent war-driven market anxiety, fueling renewed bullish sentiment across crypto markets.<\/p>\n<p>At 10:02 p.m. UTC on June 23, Trump <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114734934153569653\">posted<\/a> on Truth Social that a full ceasefire agreement had been reached by both Israel and Iran. According to his statement, each country would pause hostilities in coordinated stages: Iran would initiate a 12-hour ceasefire, followed by Israel, leading to a 24-hour complete cessation of the conflict. Trump described this as a successful conclusion to what he labeled a 12-day war \u2014 one he claimed could have escalated into a much longer and more devastating regional conflict. He praised both sides for choosing restraint and credited the agreement with averting further turmoil in the Middle East.<\/p>\n<p>The announcement injected a wave of optimism into the crypto market, especially for high-beta assets like ether. Prior to the rally, ETH had already been showing signs of strength, supported by steady whale accumulation. On-chain data shows over $265 million in ETH was acquired by large holders during the recent downturn, including a single wallet that purchased 47,070 ETH \u2014r oughly $113 million \u2014 over a three-day period.<\/p>\n<p>Ethereum\u2019s network fundamentals remain robust, with an average of 1 million new ETH wallet addresses created weekly since mid-May, representing a 50% year-over-year increase. With volatility receding and risk appetite returning, traders are now watching whether ETH can break through the next psychological threshold of $2,500.<\/p>\n<p><strong>Technical Analysis Highlights<\/strong><\/p>\n<ul>\n<li>ETH rallied 7.7% from $2,230 to $2,401 over the 24-hour analysis window.<\/li>\n<li>High-volume support formed between $2,220 and $2,230, with initial buying at $2,191.36.<\/li>\n<li>Price broke out above $2,400 during the 22:02\u201322:11 window as volume spiked to 28,149 ETH.<\/li>\n<li>Resistance at $2,275 flipped into support as buying momentum accelerated.<\/li>\n<li>ETH touched an intrahour high of $2,434.95 before entering a consolidation phase.<\/li>\n<li>Price action formed a potential bull flag as ETH traded between $2,390 and $2,402.<\/li>\n<li>Volume surged to 2.5x the 24-hour average in the final three hours of the session.<\/li>\n<li>Higher lows confirmed bullish structure throughout the uptrend.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong>\u00a0<em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ether (ETH) ETH is trading at $2,420, up 8.61% over the past 24 hours, after surging sharply in the hours following former U.S. President Donald Trump\u2019s unexpected announcement of a ceasefire agreement between Israel and Iran, according to CoinDesk Research&#8217;s technical analysis model. The move appears to have reversed recent war-driven market anxiety, fueling renewed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33302","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33302"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33302\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}