The Surge of Ethereum in the Early Morning is the Result of Multiple Macroeconomic and Market Factors Resonating, with Core Drivers as Follows:
1. Easing Geopolitical Risks Trigger Market Sentiment Reversal
Trump Announces Israel-Iran Ceasefire Agreement: Early on June 24, Beijing Time, Trump Announced on Social Media that Israel and Iran Reached a 'Comprehensive Ceasefire', Ending 12 Days of Military Conflict. Although Iran Later Denied the Details of the Agreement, the Market Still Interpreted it as a Signal of De-escalation, Leading to a Collective Rebound of Risk Assets.
Iran's 'Symbolic Retaliation' Against U.S. Military Bases: Previously, Iran Launched Missiles at a U.S. Military Base in Qatar, but No Casualties Occurred. Trump Called It 'Weak' and Thanked Iran for the 'Advance Notice', Further Alleviating Market Panic.