ETH Relief Rally: Did the Ceasefire Extension Just Save Your Long? 🚀
The "Midnight War" threat is on ice for now. With Trump extending the US-Iran ceasefire indefinitely at Pakistan’s request, the market is finally breathing.
We saw $ETH bounce off the $2,300 support and it’s now testing the $2,400 psychological level.
My Take: While the ceasefire is great news, the US Naval Blockade is still in effect. Until those ships move, I’m not expecting a moonshot to $3k. I’m playing the $2,310–$2,450 range.
Funding was negative earlier today—shorts were literally paying longs to stay in. If you caught that bottom, you’re sitting pretty.