Ethereum briefly surges to $2,400 as geopolitical relief boosts crypto, stocks

• Ethereum briefly rallied to $2,400 on Trump-Iran ceasefire optimism and easing oil fears.
• Sentiment lifted risk assets, with BTC leading the charge with prices rising above $75k.
• ETH price outlook includes an ascending channel and bullish RSI.

Ethereum price extended gains on Tuesday, briefly touching highs above $2,400 as Bitcoin and broader cryptocurrency markets surged on optimism surrounding potential diplomatic progress in US-Iran negotiations.

As President Donald Trump’s comments on advancing talks following a recent two-week ceasefire fueled investor sentiment, risk assets, including equities, climbed while oil prices retreated.

This confluence of geopolitical hope and easing inflation concerns marked a pivotal moment for digital assets, with Bitcoin leading the charge past key psychological thresholds.

Ethereum hits highs of $2,360 as Bitcoin surges above $75,000

ETH extended its impressive rally on Tuesday, pushing decisively above $2,300 after breaking from lows of $2,270 overnight from Monday.

This marked the cryptocurrency’s highest level in over two months.

Santiment notes that open interest in BTC and ETH has jumped 59% and 45%, resp...