Ethereum (ETH), the world’s largest altcoin, is up by over 3% in the past day, reflecting the current bullish momentum in the cryptocurrency market following the major relief over the US-Iran conflict. Notably, Iran’s Foreign Minister Abbas Araghchi announced that the Strait of Hormuz would be opened to commercial ships for the remainder of the 10-day ceasefire between the warring states. This positive development soon triggered a drop in oil prices, improving macroeconomic conditions and driving significant inflows into global financial markets, including risk assets such as Ethereum. According to renowned analyst Ali Martinez, Ethereum has benefited significantly from this shift, successfully flipping a key price resistance level during its market recovery. Related Reading: 13 Years Of Data Says Bitcoin Price Has Not Bottomed Yet, Analyst Explains The Trend Ethereum Moves To Validate Major Ascending Triangle Formation An ascending triangle is a bullish chart pattern used in technical analysis that signals a potential continuation of an uptrend. Here, price repeatedly makes higher lows while also repeatedly hitting a horizontal resistance without breaking above it. When the price finally breaks above the resistance level, it often leads to a strong upward move. In an X post on April 17, Ali Martinez explains that Ethereum has broken through the $2,385 critical barrier, which represented the resistance line of a major ascending triangle that has been forming since February. In a previous post on April 14, the seasoned analyst noted that the TD Sequential indicator had issued a sell signal around this level, an event that triggered a price correction when ETH last reached around $2,400, despite positive signs such as the initial reclamation of the 100-day SMA. However, following the recent gain above this resistance zone, Martinez claims the bearish TD Sequential signal has been nullified, with the altcoin now primed to reach higher targets. With $2,385 now a support level, the analyst explains that Ethereum’s major technical target lies at $2,900. However, immediate resistance lies around $2,721, indicating an additional price surge of at least 12% in the short term. However, Martinez warns that this bullish outlook is only valid as long as Ethereum maintains its new support zone. A retracement below $2,385 would rouse market uncertainty and strengthen bearish sentiments. Related Reading: Explosive Claim: Polish PM Accuses Crypto Firm Of Russian Mafia/Spy Links In Political Rivalry Ethereum Price Overview At the time of writing, Ethereum trades at $2,420, up 3.43% in the last 24 hours. The altcoin is also up by 9.93% on its monthly chart, underscoring its underlying bullish momentum. However, Ethereum remains deep in bearish territory, down 51% from its all-time high of $4,955 in August 2025. Featured image from Flickr, chart from Tradingview
Spot Bitcoin ETFs recorded nearly $1 billion in weekly inflows, their strongest performance in over three months amid improving risk sentiment.
The IRGC's control claim heightens geopolitical tensions, impacting global oil markets and necessitating close monitoring of military responses.
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The trade's timing suggests potential insider knowledge, raising regulatory concerns and impacting market confidence amid geopolitical tensions.
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Diplomatic progress is possible, but without Iran's cooperation on uranium, the situation remains volatile and speculative.
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Pakistan's role in facilitating US-Iran talks could enhance its diplomatic influence, impacting regional stability and international relations.
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Diplomatic efforts are crucial as military options are limited, and any breakdown could rapidly impact ceasefire market dynamics.
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The Democrats' inability to limit Trump's military actions may hinder diplomatic efforts, increasing uncertainty in US-Iran relations.
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The passage of sanctioned tankers highlights enforcement challenges, suggesting potential erosion of blockade effectiveness over time.
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Boyaa's Bitcoin-only focus highlights institutional interest but broader market trends and volatility may influence long-term Bitcoin valuation.
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The EU's military simulations underscore a shift towards self-reliance in defense, reflecting broader uncertainties about US security commitments.
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The ongoing blockade heightens geopolitical tensions, potentially impacting global oil markets and necessitating diplomatic resolutions.
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HBAR is flashing early reversal signals just as momentum begins to build around its institutional narrative. After months of sustained downside, the token is now stabilizing within a key demand zone, with price action tightening and downside pressure fading. At the same time, Hedera’s growing traction among enterprise players like Google and IBM is bringing …
Economic constraints and geopolitical tensions shape market expectations, highlighting the complex interplay between conflict and financial stability.
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Iran’s Parliament Speaker Mohammad Bagher Ghalibaf has criticized U.S. President Donald Trump, accusing him of making “seven false claims in one hour” and warning that the Strait of Hormuz may not remain open if the U.S. blockade continues. The statement comes just a day after Iran’s announcement to complete the opening of the Strait of …
Pakistan's mediation could stabilize US-Iran relations, potentially easing oil sanctions and impacting global energy markets significantly.
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The crackdown highlights the regime's efforts to maintain control, reducing the likelihood of immediate change and impacting market perceptions.
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Iran's ability to export oil despite the blockade highlights its resilience and may influence geopolitical dynamics and market expectations.
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Increased military presence in the Strait of Hormuz may heighten regional tensions, impacting trade routes and market stability.
The post USS Miguel Keith heads to Strait of Hormuz for mine-clearing operations appeared first on Crypto Briefing.
The SEC has sued crypto executive Donald Basile over an alleged $16 million scheme involving false claims about an “insured” Bitcoin Latinum token.
Iran's threat to close the Strait of Hormuz could escalate tensions, impacting global oil markets and complicating US-Iran diplomatic efforts.
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The drone strike complicates ceasefire talks, yet market confidence in a resolution suggests traders view it as a temporary disruption.
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Ukraine's expanded energy disruption campaign against Russia reduces ceasefire prospects, complicating future negotiations and stability.
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Morgan Stanley's Bitcoin ETF could drive institutional interest, impacting Bitcoin's market dynamics and regulatory landscape significantly.
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The rally underscores the regime's resilience, reducing near-term political change expectations and impacting market perceptions of stability.
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Worldcoin price has been on a consistent downtrend since the beginning, while the bulls have been exerting pressure at regular intervals. In times when the selling pressure is reducing, the price is down by 11% to $0.282. The token is underperforming a broader market rally and is primarily driven by a ‘sell-the-news’ reaction to its …
Lebanon's post-truce phase could stabilize regional tensions, boosting investor confidence and fostering diplomatic engagements with Israel.
The post Lebanon enters ‘new phase’ post-Israel truce, April 30 ceasefire market jumps appeared first on Crypto Briefing.
Altcoin sentiment remains under pressure, and the data backs it. The CMC Altcoin Season Index is currently sitting at 37/100, firmly in Bitcoin season. Just a week ago, it was 34, and a month ago, 53, showing how momentum has faded. Compared to its yearly high of 78, the market is clearly far from an …
Institutional Bitcoin investments rise as a hedge against geopolitical instability, highlighting its role in diversifying risk amid global tensions.
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XRP has followed the broader rebound in crypto markets as geopolitical conditions appear to be easing. With the reopening of the Strait of Hormuz and the possibility—however uncertain—of progress toward an end to the Iran–US conflict, risk appetite has improved. In that environment, XRP has surged and briefly pushed toward the $1.51 level on Friday for the first time in almost a month, alongside a set of catalysts that could determine whether the rally gains real momentum—or quickly unwinds. The Timeline That Could Make Or Break XRP In his latest report, market expert Sam Daodu points out that while the near-term outlook for XRP looks promising, it hinges on three dates coming up in the next two weeks. The first factor is tied to the macro story itself: a possible extension of the Iran–US ceasefire. The closest deadline is April 22, when the Iran ceasefire is set to expire. Daodu links the timing of this expiry directly to market risk, arguing that if tensions return and the conflict resumes, the broader crypto market would probably fall again—dragging XRP down with it. Related Reading: Could Bitcoin Hit $90,000 And Trigger A New Altcoin Rally? Expert Cites 6 Major Catalysts The second major date is tied to US regulation, and it is arguably the bigger one for XRP’s longer-term recovery: the CLARITY Act markup that the Senate Banking Committee is targeting for late April. If the CLARITY Act is delayed beyond May, he suggests the bill would likely be shelved until 2027. In that scenario, the expert asserts XRP would lose its biggest remaining catalyst for 2026. The third key date is the Federal Open Market Committee (FOMC) meeting on April 28–29. The Federal Reserve (Fed) is widely expected to hold interest rates at 3.50%–3.75%. Daodu argues that, on its own, the meeting may not move XRP much. The bigger issue is what happens if geopolitical risk and regulatory momentum both disappoint at the same time. If the Iran ceasefire collapses and the CLARITY Act stalls, a hawkish surprise from the Fed would likely worsen conditions. In other words, it is not just each event standing alone; it is the interaction between them that could shape the next phase of the market. Potential Outcomes For The Next Two Weeks Against that backdrop, Daodu offers three price scenarios for XRP, framing them around what happens with the ceasefire, the CLARITY Act, and the broader market over roughly the next two weeks. In his bullish case, XRP could move into a range of $1.50 to $1.90. That would depend on the Senate Banking Committee scheduling the CLARITY Act markup before the end of April and on the Iran ceasefire being extended beyond April 22. Daodu believes XRP could aim for the 200-day moving average near $1.90 by May. Still, he cautions that reaching that point would require sustained ETF inflows and continued strength in Bitcoin (BTC). Related Reading: Circle (CRCL) Sued Over $280M Drift Protocol Hack—What Plaintiffs Claim In a base-case outlook, Daodu forecasts XRP trading between $1.35 and $1.50. This scenario assumes the ceasefire extends past April 22, but the CLARITY Act markup is pushed to May. In the bearish scenario, Daodu sees the altcoin potentially falling into a range of $1.15 to $1.30. This would be triggered if the war resumes after April 22 and oil prices spike above $100 again, which would likely pressure the entire crypto market. In that case, Daodu says a move back below $1.30 becomes more likely. If Bitcoin also breaks down below $70,000 at the same time, XRP could retest the $1.15 support area. At the time of writing, the altcoin is trading at around $1.49, still recording major gains of 10% and 13% over the seven- and fourteen-day periods, respectively. Featured image from OpenArt, chart from TradingView.com