Ether (ETH)
On Monday, despite rising geopolitical tensions in the Middle East, global markets took risks, stabilizing trading in the past 24 hours and growing by 3.71% in the past 24 hours. ETH settled about $2,614 during the early U.S. trading period, with an intraday high of $2,636.76.
As the conflict escalates, traditional markets show surprising resilience, and this move is getting higher and higher. Each Report Israel’s defense minister warned on Monday that Tehran would “pay a price” after the updated missile strike, the fourth consecutive day of military activity that would “pay a price”.
However, most global markets have absorbed headlines: withdrawing gold from near-record highs, Tel Aviv stocks rose, and European and U.S. stock futures open at green open rates. Citigroup’s Luis Costa attributes calm to “faster resolutions” or limited hope of revenge.
In the crypto market, risk sentiment goes all out. All the top 20 nonstable cryptocurrencies were in green on Monday, and Ether was no exception. Its assembly is the basis for deepening institutional demand.
According to the latest information from CoinsharesWeekly report on digital asset fund flows,Ethereum investment products inflows last week were $583 million, the highest since February.
The futures market also reflects growing investor participation. Shop data Showing ETH open interest is currently 13.89 million ETH, or about $36.32 billion, which enhances people’s sense of positioning of the continued upward space.
Technical analysis highlights
- According to Coindesk Research’s technical analysis model, ETH is traded at $126.66, from $2,510.10 to $2,636.76 (+5.05% intraday).
- Price action ruptured the $2,550 intensity and formed higher highs and higher lows.
- The 05:00 GMT candle shows a volume of over 311,000 ETH, creating a larger support area of about $2,575.
- ETH launched over $2,600 in three consecutive green hours candles, indicating ongoing buying activity.
- The massive sharp drop ranged from $2,629.02 to $2,622.88 (>21,000 ETH) and then recovered immediately.
- The last 30 minutes of the meeting show the merger between $2,627 and $2,630 and has an ascending triangle structure.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
