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

Today, Ethereum (ETH) shows a typical rebound followed by a decline: the price briefly touched around $2,380 but failed to stabilize, then fell to about $2,330. This indicates that there is still bullish momentum 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 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. Rising geopolitical risks often push oil prices higher, further increasing inflation expectations, which can impact 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 are:
• $2,300: Short-term support level; as long as this level holds, the bulls are not completely lost.
• $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 the way for further gains.

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; if it can break through $2,400, the outlook may improve.