Ethereum Soars to $2,434 After Trump’s Ceasefire Deal

The crypto market bounced back after Donald Trump announced a two-phase ceasefire deal between Iran and Israel. Ethereum led the recovery with a 9% jump from $2,230 to $2,434. As of writing, ETH is trading around $2,420, signaling renewed investor confidence.

Whale Buying and Network Strength Fuel the Rally
Large investors bought over $265 million in ETH last week, with one wallet alone acquiring 47,070 ETH worth over $113 million. Meanwhile, Ethereum's network has shown strong growth, adding about one million new wallet addresses weekly.

Trump’s Ceasefire Boosts Risk Sentiment
Trump’s post on Truth Social triggered optimism in financial markets. With geopolitical fears easing, risk assets like ETH rebounded swiftly.

Technical Outlook: $2,500 in Sight
ETH broke above $2,400 with strong volume, forming a bullish flag between $2,390–$2,402. Previous resistance at $2,275 turned into support. Now, the next target is the psychological $2,500 level.

Is It a Good Time to Buy ETH?
Analyst AlienOvicho sees the $2,140–$1,970 zone as a possible buy area. If ETH holds here and bounces, a move back above $2,300 could be next.