Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Ether Surges 8.6% as Trump-Announced Ceasefire Boosts Crypto Market Sentiment

Ether Surges 8.6% as Trump-Announced Ceasefire Boosts Crypto Market Sentiment

TheCryptoUpdatesTheCryptoUpdates2025/06/24 11:40
By:JackJackJackJackJackJackJackKesarwaniKesarwaniKesarwani

Ether Jumps 8% After Trump Announces Israel-Iran Ceasefire

Ether (ETH) shot up to $2,425 earlier today, marking an 8.6% gain in just 24 hours. The rally came shortly after former U.S. President Donald Trump claimed—somewhat unexpectedly—that Israel and Iran had agreed to a temporary ceasefire. Whether the deal holds or not, markets reacted fast.

The jump seems to have shaken off some of the war-driven nerves that had been weighing on crypto lately. It’s not just ETH, either—most major tokens are in the green today. Maybe traders are just relieved to hear *something* resembling good news.

What Trump Actually Said

Late last night, Trump posted on Truth Social that both countries had agreed to pause fighting in stages. According to him, Iran would stop first for 12 hours, then Israel would follow, leading to a full 24-hour halt. He called it a “successful conclusion” to what he described as a 12-day conflict—one that, in his words, could’ve spiraled into something much worse.

Now, here’s the thing: no other major news outlets have confirmed the ceasefire yet. But right or wrong, crypto markets ran with it. ETH, which had already been holding up better than most during the recent slump, got an extra boost.

Whales Were Buying Before the Rally

This wasn’t just a knee-jerk reaction, though. On-chain data shows big players had been scooping up ETH for days. Over $265 million worth was bought by large holders during the dip, including one wallet that grabbed 47,070 ETH (about $113 million) in just three days.

Network activity doesn’t hurt either. Since mid-May, Ethereum’s been adding around 1 million new addresses per week—up 50% from last year. That kind of growth usually doesn’t happen when people are bearish.

Where ETH Stands Now

Technically, the move was sharp but not entirely chaotic. ETH bounced from $2,230 to over $2,400, with heavy support forming around $2,220. The breakout past $2,400 came on a volume spike, and what was resistance at $2,275 quickly turned into support.

It’s since pulled back a bit, hovering between $2,390 and $2,402. Some traders are calling it a bull flag—a pause before another potential leg up. The next big test? Clearing $2,500.

But here’s the catch: crypto’s still crypto. If the ceasefire falls apart—or never existed—today’s optimism could vanish just as fast. For now, though, the charts look halfway decent.

Ether Surges 8.6% as Trump-Announced Ceasefire Boosts Crypto Market Sentiment image 0
 
 
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

AI Capital Expenditure Faces a Dilemma: Accelerating Puts Pressure on Cash Flow, Slowing Down Undermines the Growth Narrative

Nomura Securities believes that the AI investment narrative is mired in an internal contradiction: if hyperscale cloud providers accelerate capital expenditures, their free cash flow will continue to be drained, raising doubts about the sustainability of financing; if they slow down, it would indicate a loss of confidence in AI demand and profitability expectations. Both paths lead to sell-offs. The crowded long positions accumulated during the AI agent boom in September have triggered large-scale stop-losses under negative catalysts, spreading to US Treasury bonds, exchange rates, and commodity markets, resulting in systemic deleveraging.

华尔街见闻•2026/10/24 03:56
AI Capital Expenditure Faces a Dilemma: Accelerating Puts Pressure on Cash Flow, Slowing Down Undermines the Growth Narrative

Amazon (AMZN.US) CEO: AWS cloud computing capacity is fully booked until 2027, and a large amount of capacity has already been committed by customers for 2028

On Friday, Jassy stated that with the growing demand for artificial intelligence (AI) infrastructure, Amazon AWS cloud computing capacity is virtually sold out through 2027, and a significant portion of 2028 capacity has also been pre-booked by customers.

智通财经•2026/10/24 03:36
Amazon (AMZN.US) CEO: AWS cloud computing capacity is fully booked until 2027, and a large amount of capacity has already been committed by customers for 2028

AI trading collapse: Will Anthropic postpone its "Super IPO"? The "scheduled listing date" in mid-November is approaching.

The time window is extremely tight—according to SEC regulations, the S-1 filing must be submitted by next week at the latest, and prediction markets estimate the probability of a listing within the year at around 80%. The sell-off in the AI sector has cast a shadow over the listing prospects, and the previous plan to go public in September has already fallen through. Several market participants say that Anthropic may face pressure to delay its listing, but some analysts point out that the company's urgent need for capital may drive it to stick to the original plan.

华尔街见闻•2026/10/24 02:51