Ether surged 8.61% to $2,420 following former U.S. President Donald Trump's unexpected ceasefire announcement between Israel and Iran at 10:02 p.m. UTC on June 23, as reported by CoinDesk Research. This geopolitical de-escalation reversed weeks of war-driven market anxiety, triggering broad crypto market bullish sentiment. Prior to the rally, on-chain data revealed substantial whale accumulation totaling $265 million in ETH purchases during recent price dips. One notable transaction involved a single wallet acquiring 47,070 ETH worth approximately $113 million over 72 hours. Ethereum's network fundamentals strengthened concurrently, with weekly new wallet creation averaging 1 million addresses since mid-May – a 50% year-over-year increase according to blockchain analytics firms. The price surge occurred amid recovering risk appetite across global markets, with traditional safe-haven assets like gold showing outflows while crypto derivatives open interest expanded. This shift suggests institutional capital may be rotating from traditional hedges into high-beta crypto assets during geopolitical normalization phases. Historical correlations indicate such ceasefire events typically catalyze 12-48 hour crypto rallies before consolidation, making timing critical for position entries. Trading implications focus heavily on ETH's ability to breach the $2,500 psychological barrier, which would likely trigger cascading liquidations of leveraged short positions. Cross-market analysis reveals crypto's growing sensitivity to Middle Eastern geopolitics: the VIX fear index dropped 9% within two hours of Trump's announcement, paralleling ETH's breakout. SOL mirrored this volatility, gaining 7.33% against USDT as altcoins leveraged ETH's momentum. Institutional flow patterns show crypto derivatives volume spiked 40% above monthly averages during the event window, with CME ETH futures premium expanding to 1.8% – clear indicators of professional money entering. Crypto-related stocks like Coinbase saw after-hours gains exceeding 5%, suggesting equity markets anticipate secondary revenue boosts from increased crypto trading activity. Technical indicators confirm robust bullish structure. ETH/USDT exploded from $2,230 to $2,401 within the 24-hour analysis window, with critical support cementing between $2,220-$2,230 after initial buying at $2,191.36. The decisive breakout occurred from 22:02 to 22:11 UTC as volume spiked to 28,149 ETH – triple the session average. Resistance at $2,275 transformed into support during the ascent before ETH touched an intra-hour high of $2,434.95. Subsequent consolidation formed a bull flag pattern between $2,390-$2,402, with volume during the final three hours surging to 2.5x the 24-hour mean. Higher lows maintained throughout the uptrend reinforce technical strength, while the ETH/BTC pair's 2.92% gain signals altcoin market leadership. Current RSI readings at 68 avoid overbought territory, leaving room for continuation toward the $2,500 target if geopolitical stability holds. SOL/USDT followed similar technical patterns with 7.33% gains, though its lower $142.71 price point presents alternative entry opportunities for risk-tolerant traders monitoring the $146.61 resistance level.