According to stocktalkweekly Research, Ether (ETH) surged 9% to $2,420 following former U.S. President Donald Trump's ceasefire announcement between Israel and Iran, reversing war-driven market anxiety and fueling bullish sentiment across cryptocurrencies. On-chain data shows $265 million in ETH was accumulated by whales, supporting the rally as technical analysis indicates potential for breaking the $2,500 resistance level.

According to CoinDesk Research, Ether (ETH) surged 8.61% to $2,420 following former President Donald Trump's announcement of a ceasefire between Israel and Iran, reversing war-driven market anxiety and fueling bullish sentiment. Technical analysis showed high-volume support at $2,220-$2,230 and a breakout above $2,400, with on-chain data revealing $265 million in ETH accumulated by whales. Traders are now watching for a potential breach of the $2,500 resistance level.