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Ethereum is trading at a critical level as tensions in the Middle East 
escalate following fresh conflict between Israel and Iran. Despite the rising 
global uncertainty, ETH continues to show resilience, holding firmly above the 
$2,500 support zone. Bulls remain in control for now, but selling pressure is 
building as bears attempt to push the price below the current range. Market 
sentiment is cautiously optimistic, with investors closely watching for any 
sign of breakdown or breakout. Related Reading: Solana Approaches Critical 
Support Amid Middle East Conflicts – Can Demand Hold? Top analyst Rekt Capital 
recently shared a technical analysis highlighting Ethereum’s ability to 
maintain $2,500 as a support level despite the recent dip. Historically, this 
price level has acted as a strong foundation for rallies to $4,000, including 
significant moves in August 2021 and early 2024. If ETH can continue defending 
this zone, it may signal that bulls are ready to build momentum toward a new 
leg up, possibly triggering broader altcoin strength. However, with rising 
geopolitical risks and increased volatility across risk assets, Ethereum faces 
a true test of strength. If this level holds, it may mark the start of 
Ethereum’s next significant move. Will history repeat itself, or are further 
corrections ahead? Ethereum Faces Pressure But Holds Critical Support Zone 
Ethereum has dropped over 14% since Wednesday, sparking widespread fear and 
uncertainty among traders and long-term holders alike. Just days ago, 
sentiment was overwhelmingly bullish, with many investors expecting ETH to 
break above the $3,000 level and confirm a broader altcoin rally. However, 
geopolitical instability has disrupted market momentum. On Thursday, news of 
Israel’s attacks on Iran and subsequent retaliations sent shockwaves across 
global markets, triggering a sharp risk-off reaction and a spike in volatility 
across crypto assets. Despite the intense selling pressure, Ethereum is 
showing resilience. Rekt Capital shared a technical breakdown pointing out 
that ETH continues to hold the $2,500 level as key support. This isn’t the 
first time ETH has used $2,500 as a launchpad—historical patterns from August 
2021 and early 2024 show that maintaining this level has led to rallies toward 
$4,000. According to Rekt, Ethereum must continue demonstrating stability 
around this zone to avoid a deeper retrace and keep bullish momentum alive. 
For the past five weeks, ETH has successfully defended the $2,500 region, 
forming a solid base of support despite repeated tests. Whether Ethereum can 
hold this ground once again will likely define the direction for altcoins and 
set the tone for the broader crypto market in the weeks ahead. Related 
Reading: Ethereum Faces Stress As Israel-Iran Conflict Shakes Sentiment – 
ETH/BTC Support In Focus ETH Holds Support After Rejection At Range Highs 
Ethereum is trading at $2,556 following a sharp rejection from the $2,830 
level earlier this week. As seen on the daily chart, ETH remains locked within 
a multi-week range between roughly $2,500 and $2,830. Despite the recent 
volatility driven by geopolitical tensions, Ethereum has managed to hold above 
the 50-day and 100-day moving averages, both of which are currently sloping 
upward — a positive sign for momentum. The red 200-day moving average, located 
around $2,642, has acted as a firm resistance barrier. ETH briefly broke above 
this level but failed to close above it with strength, leading to a 
retracement. Volume has spiked during these recent sessions, reflecting 
growing interest and emotional price reactions amid the Israel-Iran conflict. 
Related Reading: Ethereum Repeats History – Key Support Holds Again Ahead Of 
Potential Rally A key area to watch is the $2,500–$2,520 support zone. This 
range has acted as a floor multiple times and could serve as a launchpad if 
bulls regain control. Conversely, a clean break below $2,500 could shift 
sentiment bearish and open a path toward $2,300. Featured image from Dall-E, 
chart from TradingView

Ethereum Holds $2,500 Support –  History Signals $4,000 As Potential Target

The DOJ shut down Gotbit in a sweeping crackdown, seizing $23 million in 
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Department of Justice (DOJ) announced on June 13 that Gotbit Consulting LLC, a 
cryptocurrency-focused financial firm based in Russia […]