1 week ago
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Key Takeaways
- US-Iran ceasefire drove ETH from $2,060 to $2,280 on April 8.
- Taker buy ratio rising structurally for four to five months.
- CME options conviction collapsed since October 2025.
- Spot ETF assets nearly halved from January peak to $11.98B.
- Ceasefire lasts 14 days with core terms still unresolved.
The Biggest Catalyst in Months
Ethereum surged from $2,060 to $2,280 on the news that the US and Iran had agreed to a two-week ceasefire, brokered by Pakistan which also sent Bitcoin above $71,000, ending 40 days of US-Israeli strikes that had disrupted global shipping and sent oil prices surging. Iran confirmed it would reopen the Strait of Hormuz for the duration of the truce. The $220 move came within hours of the announcement. By the time of writing, price pulled back to $2,190.
The catalyst was real. So was what came ...
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