Ethereum (ETH) briefly recovered the $2,400 level on Tuesday, its highest level since February 1, following the latest developments in peace talks between the US and Iran. The US military blockade of the Strait of Hormuz and reports of a new round of negotiations in the coming days have lifted risk sentiment. With the latest move, ETH is trading near its realized price or the onchain average cost basis of investors at $2,308. Historically, the realized price has acted as resistance when the uptrend is weak, as some investors often distribute after breaking even. However, if geopolitical pressure eases and the market ... (full story)