The potential US-Iran compromise could shift geopolitical dynamics, impacting 
regional stability and influencing global diplomatic strategies.
The post US-Iran compromise deal seen as inevitable despite market skepticism 
appeared first on Crypto Briefing.

US-Iran compromise deal seen as inevitable despite market skepticism

The U.S. dollar blockade on Iraq may escalate tensions, potentially leading to 
increased military involvement and reduced diplomatic efforts.
The post US blocks Iraq dollar shipments to pressure Iran-backed militias: WSJ 
appeared first on Crypto Briefing.

US blocks Iraq dollar shipments to pressure Iran-backed militias: WSJ

Ethereum price started a recovery wave above the $2,300 zone. ETH is now 
consolidating and might struggle to continue higher above the $2,385 
resistance. Ethereum started a recovery wave from the $2,250 zone. The price 
is trading above $2,320 and the 100-hourly Simple Moving Average. There is a 
rising channel forming with resistance at $2,365 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh decline if it 
stays below the $2,385 zone. Ethereum Price Faces Hurdles Ethereum price 
remained bid above the $2,250 support zone, like Bitcoin. ETH price formed a 
base and started a recovery wave above the $2,300 resistance. The price 
surpassed the 23.6% Fib retracement level of the downward move from the $2,465 
swing high to the $2,253 low. The bulls even pushed the price toward $2,350. 
Besides, there is a rising channel forming with resistance at $2,365 on the 
hourly chart of ETH/USD. Ethereum price is now trading above $2,320 and the 
100-hourly Simple Moving Average. If the bulls remain in action above $2,300, 
the price could attempt another increase. Immediate resistance is seen near 
the $2,360 level or the 50% Fib retracement level of the downward move from 
the $2,465 swing high to the $2,253 low. The first key resistance is near the 
$2,385 level. The next major resistance is near the $2,400 level. A clear move 
above the $2,400 resistance might send the price toward the $2,430 resistance. 
An upside break above the $2,430 region might call for more gains in the 
coming days. In the stated case, Ether could rise toward the $2,500 resistance 
zone or even $2,550 in the near term. Another Decline In ETH? If Ethereum 
fails to clear the $2,385 resistance, it could start a fresh decline. Initial 
support on the downside is near the $2,300 level. The first major support sits 
near the $2,250 zone. A clear move below the $2,250 support might push the 
price toward the $2,200 support. Any more losses might send the price toward 
the $2,150 region. The main support could be $2,120. Technical Indicators 
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. 
Hourly RSI &#8211; The RSI for ETH/USD is now above the 50 zone. Major Support Level 
– $2,300 Major Resistance Level – $2,385

Ethereum Price Struggles To Gain Pace, Recovery Remains Fragile

Heightened tensions and dwindling ceasefire prospects could escalate regional 
instability, impacting global markets and diplomatic relations.
The post Iran calls US blockade an &#8216;act of war&#8217; as ceasefire chances dwindle 
appeared first on Crypto Briefing.

Iran calls US blockade an ‘act of war’ as ceasefire chances dwindle

Ethereum is trying to hold above $2,300 as the market enters a consolidation 
phase that feels more fragile than it looks. Buyers have been present, but the 
price has struggled to build meaningful momentum — and a CryptoQuant analysis 
published today suggests there may be a structural reason for that hesitation 
playing out in the derivatives markets beneath the surface. Related Reading: 
XRP Is Moving Higher While Its Order Flow Stays Negative: A Gap Worth Watching 
For the second time since the March lows, Ethereum derivatives traders appear 
to be going through a short-term capitulation event. Open interest across 
derivatives platforms has fallen by more than $2 billion — a significant 
reduction in leveraged positioning that mirrors the deleveraging episode that 
preceded the end-of-March bottom. The first flush helped form a local floor. 
Whether the second one does the same, or signals something more prolonged, is 
the question the data is now raising. The bulk of the latest decline is 
concentrated on two exchanges. Binance recorded an open interest decline of 
approximately $323 million over the past seven days, while Gate.io saw a far 
sharper reduction — roughly $1.7 billion — bringing the combined drop on the 
two platforms alone to more than $2 billion. The Gate.io move is particularly 
striking in scale and speed, and it is the kind of single-venue flush that 
tends to reflect forced exits rather than orderly repositioning. The Gate.io 
Move Tells the Most Complete Story The scale of what happened on Gate.io over 
the past week puts the broader derivatives picture in sharper focus. Ethereum 
open interest on the exchange stood at $4.67 billion on April 14. By April 21, 
it had fallen to $2.88 billion — a reduction of approximately $1.8 billion in 
seven days, representing a 38% collapse in leveraged positioning on a single 
venue. Moves of that magnitude and speed typically reflect something beyond 
routine deleveraging. They tend to reflect traders getting out because they 
feel they have to, not because they planned to. The funding rate data adds the 
sentiment dimension that confirms what the open interest is already 
suggesting. Across most ETH derivatives exchanges, funding rates have moved 
back toward the negative levels last seen in February 2026 — the period that 
preceded Ethereum&#8217;s sharpest correction of the year before the subsequent 
recovery. Negative funding means short positions are paying to stay open, 
which is the derivatives market&#8217;s clearest signal that near-term sentiment has 
turned defensive. Taken together, the picture the CryptoQuant analysis 
describes is a second short-term capitulation event — leveraged exposure 
coming off across multiple venues simultaneously while the mood among 
speculative traders darkens toward caution. The constructive reading, and the 
one worth holding alongside the bearish surface data, is that the first 
capitulation event of this kind — the one that occurred at the end of March — 
marked a local bottom rather than a continuation. Two flushes of this nature 
in close succession have historically done more to clear the market of fragile 
positions than to confirm a deeper decline. Whether that pattern holds this 
time is what the coming sessions will determine. Related Reading: A $292M Hack 
Created $200M In Bad Debt On Aave: Here Is What That Means For Users Ethereum 
Consolidates Below Resistance Ethereum is trading near the $2,300 level after 
recovering from the sharp capitulation that drove price down to the 
$1,750–$1,800 range in February. The chart shows a clear shift from aggressive 
selling to a more controlled consolidation, with price now forming higher lows 
over the past several weeks. This suggests that the immediate downside 
pressure has eased, even if a full trend reversal has not yet been confirmed. 
The short-term structure is constructive. ETH has reclaimed its 50-day moving 
average and is attempting to hold above it, a level that had previously acted 
as dynamic resistance throughout the downtrend. However, the price continues 
to struggle below the 100-day and 200-day moving averages, both of which 
remain downward sloping. This alignment reinforces that the broader trend is 
still bearish despite the recent recovery. Related Reading: Aave Is Trading 
Like 2022 Again: Danger Zone Or Entry Point? Volume provides additional 
context. The spike during the February sell-off reflects forced liquidation 
and panic-driven exits, while the subsequent recovery has occurred on more 
moderate participation — a typical characteristic of early-stage rebounds. For 
Ethereum to shift its structure meaningfully, a sustained break above the 
$2,400–$2,600 region is required. Until then, the current price action 
represents a stabilization phase, where accumulation may be building, but 
conviction remains tentative. Featured image from ChatGPT, chart from 
TradingView.com

Cryptocurrency price in CNY