Ethereum Bounces Sharply Amid Trump Announcement
Ethereum traded higher in early US hours, surging from around $2,060 to above $2,170 as bulls recovered from intraday lows.
The altcoin hovered near $2,150 with 24-hour trading volume over $19 billion.
This move coincided with Bitcoin's sudden uptick to the $70,000 area after dipping below $68,000 due to Middle East tensions.
President Trump's Monday announcement of a five-day pause on US strikes against Iranian energy infrastructure bolstered buyers following productive US-Iran discussions.
The United States and Iran have had productive discussions over the past two days toward fully resolving hostilities in the Middle East. As talks continue this week, I’ve ordered a five-day pause on any military strikes against Iranian energy infrastructure, contingent on progress.
Market prices performed a massive U-turn just minutes after the post below as President Trump announced that the U.S. has held very productive and constructive conversations with Iran, resulting in a five-day postponement of any and all military strikes against Iranian power…
OG Whale Sells $31M ETH Prior to Rally
An Ethereum OG wallet labeled '0xa2F…F85A' transferred 15,002 ETH worth about $30.97 million to Coinbase on Monday.
The wallet accumulated around 172,700 ETH a decade ago at $12.83 each for roughly $2.2 million; the full stash now values at $353 million near $2,000 levels.
Despite the sale, the address holds over 14,800 ETH as a long-term holder.
Separately, another whale sold 5,000 ETH worth $10.3 million at $2,063 per token and retains 126,000 ETH valued at $257 million, signaling bullish sentiment.
An #EthereumOG (0xa2F6) just sold 15,002 $ETH($30.97M)! This OG previously received 172,700 $ETH 10 years ago (worth $2.2M at the time, now $356M) at a price of $12.83.
Ethereum Price Key Levels
ETH hovers within short-term support and resistance at $2,000–$2,200.
$2,150 acts as a pivotal level where upside momentum depends on bulls defending support.
Bearish targets sit around $1,800, while bulls aim for $3,000 and the August 2025 all-time high of $4,953.
