The Iran-U.S. War has come to an end. What’s next for ETH?

The Iran-U.S. war unexpectedly "ended," causing market fluctuations. Trump announced that the war would "end soon," and upon this news, crude oil plummeted 30%, while the US stock market surged significantly. Ethereum (ETH) also took advantage of the momentum to stabilize above the $2000 level, briefly spiking to $2050 in the early hours before pulling back.

From a news perspective, the end of the war cooled risk aversion sentiment, and risk capital flowed back into risk assets, which is beneficial for the crypto market in the short term. However, this positive development has already been reflected in the market, and without further major news, simply "no war" is unlikely to sustain a bull market.

From a technical standpoint, the 4-hour chart shows that the BOLL upper band is at 2028. After ETH touched 2050 in the early hours, it was pushed back, indicating clear resistance at the upper band. In the MACD indicator, the fast line is turning upward but has not yet crossed, with decreasing green bars, indicating weakening bullish momentum. The RSI has moved into the overbought zone; further upward movement requires increased volume. Chart patterns show ETH has been oscillating between 1900 and 2200 for a long time, at the end of a "converging triangle," about to choose a direction. The 2050 level is the neckline resistance on the 4-hour chart and a dense area of trapped positions. The bulls failed to stabilize above it; if they cannot break through later, a retest of 1980 or even 1950 is highly probable.

In terms of trading strategy, consider shorting near 2040-2050 with a stop-loss at 2065, targeting initially 2000, and if broken, then 1980. If volume increases and ETH stabilizes above $2050, that’s a different situation, but until then, avoid blindly going long. Currently, the market is in a tug-of-war between bulls and bears. Contract traders should avoid heavy positions, operate cautiously, and wait for further market direction. $ETH