- Ethereum price climbed above $2,170 after President Trump announced a delay of U.S. strikes on Iran.
- A long‑time Ethereum whale moved 15,002 ETH to Coinbase, roughly $30.97 million.
- Ethereum is trading within the $2,000–$2,200 range.
Ethereum surged more than 4% in a sharp reversal as selling pressure eased and buyers stepped in following a high-profile announcement by President Donald Trump. Despite the rally, the altcoin remained close to the psychologically important $2,000 level after significant whale selling earlier on Monday.
Ethereum bounces as Trump announces pause on strikes
In early U.S. trading, Ethereum rallied from roughly $2,060 to above $2,170 as bulls sought to recover losses from intraday lows. The token traded around $2,150 during the rebound, with a 24‑hour trading volume exceeding $19 billion.
Market data show the move toward $2,170 coincided with Bitcoin pushing back above $70,000 after dipping below $68,000 amid concerns about escalating tensions in the Middle East. Prices across risk assets reversed course after President Trump announced a five‑day pause on military strikes targeting Iranian energy infrastructure, contingent on progress in talks.
“The United States and Iran have had productive discussions over the past two days toward fully resolving hostilities in the Middle East. As talks continue this week, I’ve ordered a five‑day pause on any military strikes against Iranian energy infrastructure, contingent on progress,” Trump wrote on Truth Social.
Stocks also ticked higher as the news eased immediate geopolitical fears, noted economist Mohamed El‑Erian.
Whale selling weighed on ETH earlier
Earlier on Monday, an early Ethereum holder using the wallet labeled “0xa2F…F85A” moved 15,002 ETH to the U.S. exchange Coinbase. On‑chain analytics firm Lookonchain estimated the transfer at approximately $30.97 million at the time of the move.
The address originally amassed roughly 172,700 ETH about a decade ago when each token traded around $12.83, implying an initial outlay near $2.2 million. At today’s prices in the low‑$2,000s, that original holding would be worth approximately $353 million, reflecting sizable paper gains over the years.
Despite the recent sale, the wallet still holds more than 14,800 ETH and remains a notable long‑term holder on the network.
Separately, another whale sold 5,000 ETH for about $10.3 million, executing the transfer at roughly $2,063 per token—slightly below the current market price. That address continues to hold about 126,000 ETH, valued at roughly $257 million, signaling continued long‑term accumulation by large holders.
Key price levels to watch for Ethereum
From a technical perspective, Ethereum is trading within a short‑term range between $2,000 and $2,200. The $2,150 mark acts as an important pivot: sustaining support there would favor further upside, while a breakdown could expose lower targets.
On the downside, key bearish levels are near $1,800. On the upside, bulls will be watching $3,000 as a near‑term target, with the August 2025 all‑time high of $4,953 representing a more distant objective.
Overall, the market reaction to reduced geopolitical risk temporarily lifted sentiment, but notable whale activity underscores that volatility and directional uncertainty remain part of Ethereum’s near‑term outlook.