Crypto market recovered as Bitcoin reclaimed the $100k level, following reports of a potential truce between Israel and Iran that may bring an end to the recent ongoing hostilities between the two nations. On Monday, U.S. President Donald Trump announced…

Why is the crypto market going up today?

Ethereum has experienced significant volatility in recent days, driven largely 
by escalating geopolitical tensions in the Middle East. After breaking down 
from the range that had held since early May, ETH fell sharply to $2,100, 
triggering widespread concern among investors. The breakdown was largely 
attributed to the market&#8217;s reaction to the US attack on Iranian nuclear 
facilities, which escalated the conflict between Israel and Iran. Related 
Reading: Bitcoin Battles Key Support: Daily EMA-100 Must Hold to Prevent Deep 
Correction However, markets quickly responded to positive developments. 
Ethereum rebounded strongly above the $2,400 level following reports that Iran 
and Israel had agreed to a ceasefire, temporarily easing global risk 
sentiment. This relief rally brought new optimism to the Ethereum market, 
especially amid signs of institutional confidence. According to data shared by 
top analyst Ted Pillows, a major whale or institutional entity purchased 
another $8.91 million worth of ETH, continuing an aggressive accumulation 
streak. Over the past three weeks, this same entity has reportedly bought $422 
million in Ethereum, signaling strong conviction despite recent market stress. 
This wave of accumulation suggests that long-term players may view the current 
price zone as a key opportunity, reinforcing the idea that Ethereum could be 
building a base for its next major move once broader conditions stabilize. 
Ethereum Surges As Ceasefire Ignites Market Optimism Ethereum surged over 14% 
following reports of a ceasefire agreement between Israel and Iran, providing 
a much-needed relief rally after weeks of geopolitical tension and 
uncertainty. The news sparked a wave of bullish momentum across the market, 
with ETH rebounding sharply from recent lows near $2,100 to trade firmly above 
the $2,400 mark. Bulls, who had lost control amid panic selling, are now 
showing signs of strength as the market prepares for its next decisive move. 
Despite this rebound, caution remains. The broader macroeconomic environment 
continues to tighten, with rising concerns over a potential US recession, high 
Treasury yields, and sustained hawkishness from the Federal Reserve. These 
factors could weigh on risk assets in the weeks ahead, putting Ethereum’s 
rally to the test. Nonetheless, optimism is building, especially around the 
possibility of the long-awaited altseason—one that many believe will be led by 
Ethereum. Adding fuel to this narrative is the growing trend of whale 
accumulation. According to insights shared by analyst Ted Pillows, a major 
whale or institutional entity has just acquired another $8.91 million worth of 
ETH. This purchase adds to a staggering $422 million in Ethereum accumulated 
over the past three weeks. Such aggressive buying suggests that large players 
are positioning themselves for a major move ahead, likely expecting Ethereum 
to be at the forefront of the next market cycle. As ETH consolidates above key 
levels, the accumulation trend could act as a foundational force supporting 
higher prices, especially if macro and geopolitical risks stabilize. Related 
Reading: Ethereum Holds Critical Support – $2,350 Level Could Define The Next 
Move ETH Reclaims $2,400 Following Sharp Rebound Ethereum has reclaimed the 
$2,400 level after a swift rebound from a breakdown near $2,100. The recent 
candle structure on the 3-day chart shows a strong wick to the downside, 
followed by a recovery, reflecting the impact of geopolitical developments, 
most notably the ceasefire between Iran and Israel. This bounce prevented a 
deeper selloff and has brought Ethereum back above a key psychological level. 
Looking at the chart, ETH remains under pressure from the 100-day and 200-day 
moving averages, currently acting as resistance around the $2,638 and $2,779 
zones. Price also recently broke a short-term descending trendline and is now 
attempting to consolidate above it. This suggests the potential for a trend 
reversal if bulls can sustain momentum and push through the moving average 
cluster. Related Reading: Solana Cracks Below Key Structure – Head And 
Shoulders Breakdown Points To $106 Volume remains subdued but shows signs of 
recovery, signaling early interest returning after the fear-driven flush. A 
break and close above the $2,600 range would likely open the path to retest 
the $2,800 zone, which was a major supply area in previous months. Featured 
image from Dall-E, chart from TradingView

Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month

What does Pulte’s FHFA crypto mortgage signal actually mean for American 
homebuyers, and could it rewrite lending norms for those who store wealth in 
Bitcoin and stablecoins? Mortgage, Pulte, and FHFA enter the crypto 
conversation In a recent announcement, Federal…

Pulte’s FHFA eyes crypto in $8.5 trillion U.S. housing and mortgage markets — what’s next?

Polymarket, the blockchain-powered prediction platform where traders wagered 
nearly $3.2 billion on the 2024 U.S. election, is reportedly courting 
investors in a $200 million round. The deal could push its valuation past $1 
billion, propelling it into unicorn territory. On…

Polymarket nears unicorn status with $200m funding round: report

Tether has reached an all-time high in supply, largely driven by Ethereum and 
Tron.

USDT supply hits $156.1b all-time high, 90% on Tron and Ethereum

Chinese blockchain firm Nano Labs announced a $500 million convertible notes 
deal to fund a major BNB acquisition, aiming to hold up to 10% of its 
circulating supply.