When Trump stopped the Iran attack, Ethereum paid 4% to compensate for the whale dumps.
The price of Ethereum rose above $2,170 after Trump delayed the US attack on Iran.
An Ethereum OG whale sold 15,002 ETH via Coinbase for $30.97 million.
Ethereum price hovers in the $2,000-$2,200 range.
The price of Ethereum has surged more than 4% as the market reacts to President Donald Trump's new announcement, as bearish pressure prompts a quick upward move.
However, the altcoin's price remained at the critical $2,000 level.
Ethereum wobbles heavily amid Trump announcement.
Ethereum traded higher in US trading hours, moving sharply above $2,170 around $2,060 as bulls tried to recover from the day's lows.
The altcoin hovered around $2,150, boasting a 24-hour trading volume of more than $19 billion.
Looking at the markets, Ethereum's rise to $2,170 shows a sudden rise from Bitcoin to around $70,000.
BTC fell below $68,000 as sentiment over events in Iran and the Middle East weighed on broader concerns.
However, President Trump's five-day pause on US attacks on Iran on Monday appears to have encouraged the rulers.
“The United States and Iran have engaged in productive discussions over the past two days to fully resolve the conflict in the Middle East. As talks continue this week, I have ordered a five-day moratorium on military strikes against Iran's energy infrastructure, subject to progress,” Trump posted on Truth Social.
Economist Mohamed El-Erian pointed out that stocks have also increased.
Markets rallied as President Trump announced that the United States had “very productive and constructive discussions” with Iran, resulting in a “five-day extension of all military strikes against Iranian forces…
— Mohamed El-Erian (@elerianm) March 23, 2026
OG whale sold $31M of ETH, the price of ETH dropped
On Monday, an Ethereum OG Wallet with the tag “0xa2F…F85A” moved 15,002 ETH to US-based crypto exchange Coinbase.
The total value of the coins at the time was about $30.97 million, according to chain analysis platform Lookonchain.
One #EthereumOG (0xa2F6) has just sold 15,002 $ETH ($30.97M)!
This OG previously received 172,700 $ETH 10 years ago ($2.2M then, $356M now) at a price of $12.83. pic.twitter.com/wZ4PdUGWwt
— Lookonchain (@lookonchain) March 23, 2026
The wallet first accumulated about 172,700 ETH about a decade ago, when each token traded at about $12.83, representing an initial cost of about $2.2 million.
At prices near the low-$2,000s, that entire stockpile would be worth an estimated $353 million, marking significant paper gains over the years.
Despite the massive withdrawal, the address still holds more than 14,800 Ether and is one of the network's longest-tenured.
In a separate transaction, another whale sold 5,000 ETH worth $10.3 million. The transfer took place at approximately $2,063 per token, which is slightly less than the current price of ETH.
This whale still holds around 126,000 ETH, worth around $257 million, indicating overall long-term bullishness.
Ethereum price key levels
From a technical perspective, ETH is hovering around short-term support and resistance in the $2,000–$2,200 band.
As noted here, $2,150 is a key level and upside momentum remains intact with bullish support.
On the downside, key underlying targets are around $1,800, with bulls at $3,000 and the August 2025 all-time high of $4,953.
