Ethereum (ETH) Continues to Encounter Intense Sell-off at Key Threshold

Ethereum (ETH) recently rallied after nearing the $2,000 mark, driven by renewed optimism following a ceasefire announcement between Israel and Iran by President Trump and a resurgence in US spot Ethereum ETF inflows. This pushed ETH past the $2,400 level, with the digital asset currently testing its 50-day Exponential Moving Average (EMA), a historically crucial turning point.

CryptoQuant analysis suggests that a definitive breakout above the $2,500-$2,600 range could lead to a short-term rally towards the $2,800 resistance, and potentially up to $4,000. Geopolitical tensions involving the US, Israel, and Iran, however, continue to introduce volatility into the crypto market. Bitcoinsensus's latest findings indicate Ethereum is entering the final and most explosive phase of its 4-year market cycle, hinting that the 2025 market top could come earlier than expected.