Iran&#8217;s control over the Strait of Hormuz heightens geopolitical risks, 
impacting global energy markets and complicating diplomatic efforts.
The post Iran asserts control over Strait of Hormuz, escalating tensions 
appeared first on Crypto Briefing.

Iran asserts control over Strait of Hormuz, escalating tensions

The delay in US action suggests a preference for diplomacy, impacting market 
expectations and highlighting geopolitical uncertainties.
The post US delays strikes on iranian energy infrastructure to april 6 
appeared first on Crypto Briefing.

US delays strikes on iranian energy infrastructure to april 6

The declining odds of a US-Iran ceasefire highlight the challenges of 
achieving diplomatic progress amid heightened tensions.
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first on Crypto Briefing.

US and Iran clash over nuclear talks before trump’s address

Ethereum is currently trading above $2,100 at the start of the new month, but 
one analyst believes the asset&#8217;s next major directional move is based on a 
single price level: one that, if broken, would invalidate years of macro 
analysis and cause a price collapse to as low as $900. The Count That Has Held 
For A Year According to an analyst known as The Penguin, Ethereum’s current 
price behavior fits into a broader Elliott Wave structure that has been 
developing for years. The analysis defines Ethereum&#8217;s entire price history 
since 2016 as a developing macro sequence: a completed Cycle Wave 1 that 
topped out, followed by an extended Wave 2 correction playing out as a flat. 
According to the analyst, this structure is time-consuming, choppy, and 
designed to frustrate. Related Reading: Analyst Shares A Good Way To Know When 
Ethereum Has Hit A Bottom Since Ethereum&#8217;s 2021 peak, the Ethereum price has 
largely moved sideways and downward while repeatedly teasing recoveries that 
faded. The most notable example of this recovery was in August 2025, when 
Ethereum moved to new all-time highs. However, this has eventually ended up 
with a reversal that saw Ethereum fall back below $2,000 again. The chart 
labels the flat trading sequence in detail, mapping out W, X, A, and B legs 
that form the larger Wave 2 structure. The current price action is positioned 
within the final leg of the B structure, and the next outlook is an upward 
move to C from here. The $1,382 Line That Changes Everything As shown in the 
chart above, the Ethereum price has spent the period since its 2021 peak 
trading beneath a well-defined horizontal resistance zone between $4,500 and 
$4,900, with multiple rallies failing to break through this ceiling. The lows, 
on the other hand, have been less uniform, with lows forming in a more 
irregular pattern instead of a clean horizontal base. Related Reading: Brace 
For Impact: Ethereum Price Is Now Forming A Counter-Trend Correction However, 
one level stands out in this structure, which is the $1,382 low recorded in 
April 2025. Based on the context of this analysis, this point is labelled as 
Wave X and serves as the lower timeframe invalidation level. This is the 
important price level that will determine whether the price structure 
continues to fall below the four-digit mark. As long as Ethereum remains above 
it, the Wave 2 scenario will be valid, and the Ethereum price can still 
transition into a new impulsive cycle to the upside. The price target in this 
case is a push to as high as $8,400. A breakdown below $1,382, however, would 
invalidate the entire wave count. ETH would need to shed about a third of its 
value to reach that level, but given Q1 2026&#8217;s 29% decline and February 6 low 
at $1,743, it is not out of reach under persistent selling pressure. If that 
invalidation level fails, the analyst’s projection points to a downside break 
below $900, with Fibonacci extensions on the chart pointing to lows between 
$800 and $500. Featured image from iStock, chart from Tradingview.com

Ethereum Price Crash Update: Analyst Forecasts Fall To $600 If This Happens

Blackrock is pushing deeper into crypto income strategies with a bitcoin- 
linked ETF designed to generate yield while tracking price exposure, signaling 
a more complex evolution in institutional bitcoin investing that blends 
derivatives with core holdings. Blackrock Files Amendment for Bitcoin Income 
ETF Strategy Blackrock advanced its crypto product lineup by filing an amended 
registration for […]

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