Ethereum briefly rose to $2,400 as geopolitical relief boosted crypto stocks.
Ethereum briefly rallied to $2,400 on Trump-Iran ceasefire optimism and eased oil fears. Sentiment boosted vulnerable assets, with BTC leading the charge as it rallied above $75k. ETH's price outlook includes an ascending channel and a large RSI.
Ethereum prices rose on Tuesday, briefly touching a high above $2,400, while bitcoin and broader cryptocurrency markets boosted optimism around possible diplomatic progress in the US-Iran talks.
Risk assets, including equities, rallied as oil prices retreated as President Donald Trump's comments on progress following a two-week ceasefire boosted investor sentiment.
This combination of geopolitical optimism and easing inflation has been a pivotal moment for digital assets, leading Bitcoin past key psychological levels.
Bitcoin rose above $75,000 while Ethereum rose to $2,360.
ETH extended its impressive rally on Tuesday, pushing sharply above $2,300 after rallying from an overnight low of $2,270 since Monday.
This cryptocurrency has seen its highest level in more than two months.
Santiment notes that open interest in BTC and ETH jumped 59% and 45%, respectively, in seven weeks.
🥳 Bitcoin ($76,070) and Ethereum ($2,395) both hit their highest market prices since early February. This recovery is coming with increased optimism as margins and leveraged positions are emerging rapidly.
📈$BTC: Open interest +59% in 7 weeks📈$ETH: +45%… pic.twitter.com/VgevsGwMz1
— Santiment (@santimentfeed) April 14, 2026
Bitcoin rallied from $74,000 to $76,000 before paring gains to around $75,500 as written. Goldman Sachs listing for Bitcoin ETF boosts sentiment.
The advance in Bitcoin and Ethereum was closely followed by U.S. stock gauges, which rose sharply after better-than-expected U.S. manufacturing price data eased inflation concerns. The report boosted appetite and pumped capital into high-beta assets like cryptocurrencies.
Wall Street's positive momentum has provided an additional tailwind, with institutional investors seemingly flocking to Bitcoin as a hedge against fiat uncertainty.
On the geopolitical front, President Donald Trump's comments about further talks with Iran — building on last week's fragile two-week ceasefire — served as an immediate catalyst.
Markets interpreted this as a step towards a long-term truce, reducing the risk of an escalation in the Middle East. As a result, oil prices fell below $100 per barrel, easing pressure on global energy costs and supporting gains in both stocks and cryptocurrencies.
However, there is caution around the Strait of Hormuz, a critical point for international oil shipments.
Investors are waiting for clearer signs of operational stability in the region as any disruption could quickly change the current risk sentiment.
For now, Bitcoin's momentum is underscoring its sensitivity to related global developments as trading volumes increase as bulls test fresh highs.
Ethereum price forecast
Ethereum price has formed an upward channel since early April, with prices near $2,176 near the 50-day exponential moving average (EMA) as volatile support.
This level, combined with the growing triangle pattern trend, forms a strong base from which bulls can defend strongly. Buyers are now looking to turn the 100-day EMA ($2,356) into major support.
Among the major bullish indicators, the Relative Strength Index (RSI) on the daily timeframe rose above 62.
The resistance levels that have served as primary support and highs since January 2026 are hovering at $2,800 and $3,370.
On the contrary, a failure here could take a profit, testing support at $2,000 and $1,800.
