$ETH Short-term pullback: Trump’s remarks trigger market sentiment fluctuations

Today, Ethereum (ETH) shows a typical rally followed by a pullback: the price briefly touched around $2,380 but failed to stabilize, then declined to about $2,330. This indicates that there are still bullish forces in the market, but upward pressure is evident, especially in the $2,380–$2,400 range, with limited willingness to chase higher.

The main catalyst for the market’s decline is macro news — former U.S. President Trump recently stated that Iran’s response to the peace plan is “completely unacceptable.” This statement has caused investors to worry about the prospects of US-Iran negotiations. Heightened geopolitical risks often push oil prices higher, further increasing inflation expectations, which in turn affects the Federal Reserve’s monetary policy space. For risk assets like ETH, this environment temporarily increases selling pressure.

From a technical perspective, key levels to watch:
• $2,300: Short-term support level; as long as this level holds, bulls are not completely defeated.
• $2,350: Recovery confirmation level; if ETH returns to this level, it indicates the market is digesting the news impact.
• $2,380–$2,400: Strong resistance zone above; only a breakout can open further upside potential.

In summary, ETH is not crashing but is being suppressed after a rally due to news factors. As long as the $2,300 support remains effective, there is still a chance for recovery; breaking through $2,400 could open the way for further gains.