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Ethereum Price Forecast: ETH could be set for a comeback as US-Iran nears agreement

From fxstreet.com

Ethereum (ETH) has continued to hold above $2,100 on Thursday, following reports that the US and Iran are nearing an agreement mediated by Pakistan. The deal allegedly includes a cease-fire on all fronts plus a joint monitoring mechanism in the Strait of Hormuz. Following the reports, US Oil prices slid below $100 toward $96 while the S&P 500 turned positive. The resolution of the war could "decisively" impact Oil prices and, in turn, determine how Ethereum performs in the coming weeks, according to BitMine Immersion Chairman Thomas Lee. In a Thursday X post, Lee noted that the US Federal Open Market Committee ... (full story)

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  • Category: Technical Analysis