$ETH Short-Term Pullback: Trump’s Remarks Trigger Market Sentiment Fluctuations

Today, Ethereum (ETH) shows a typical price pattern of a sharp rise followed by a pullback: the price briefly touched around $2380, but failed to hold, before falling to about $2330. This indicates that the market still has bullish strength, but overhead pressure is clearly evident—especially in the $2380–$2400 area, where there is limited willingness to chase higher prices.

The main catalyst behind the pullback is macro-related news—former U.S. President Trump recently said that Iran’s response to the peace plan is “completely unacceptable.” This remark has made investors worry about the prospects for US-Iran negotiations. Geopolitical risks tend to push oil prices higher, further exacerbating inflation expectations and thereby affecting the Federal Reserve’s room for monetary policy. For risk assets such as ETH, this environment temporarily increases selling pressure.

Technically, key levels to watch are:
• $2300: Short-term support. As long as this level is defended, the bulls have not completely lost ground.
• $2350: Recovery confirmation level. If ETH returns to this level, it suggests the market is digesting the impact of the news.
• $2380–$2400: A strong overhead pressure zone. Only a breakout could potentially open up further upside room.

In summary, ETH is not in a breakdown; rather, after the surge, it is being suppressed by news-driven pressure. As long as the $2300 support remains effective, there is still an opportunity for a rebound. If it can break through 2400$BTC ‌$SOL ‌