Alert lifted! Ethereum surges violently to 2260, but there is a "rebound risk" within 24 hours

Key Data and Turning Points in the Market

As of the morning of April 8, 2026, Ethereum (ETH) is trading at $2260, up 8% in 24 hours, with a daily range exceeding $200. The direct driver of this violent rebound is the dramatic geopolitical turnaround: Trump announced a delay in military strikes on Iran, Iran accepted a ceasefire proposal, and market panic quickly subsided.

Market Recap: From "Nuclear Threat" to "Ceasefire Good News"

Previously, the market was suppressed by Trump's "ultimatum," but with the ceasefire news on April 7, U.S. Eastern Time, the market logic has reversed 180 degrees:

- All negative factors exhausted: Trump's previous threats to "destroy Iran's infrastructure" caused capital flight. Now, with the conflict de-escalated, risk assets are experiencing a revenge rally.
- Short squeeze: Nearly $600 million in liquidations across the entire network within 24 hours, with over 70% of them being short positions. This rally has a strong short squeeze characteristic.

24-Hour Price Action Outlook: Beware of Profit-Taking Pressure After Good News

Although a large bullish candle closed on the daily chart, the next 24 hours are not worry-free. Watch out for a market reversal driven by "buy the rumor, sell the fact":

1. European and U.S. markets follow through (key period)

- Asian session rally: The current Asian trading session mainly digests the ceasefire good news, with prices holding above 2250 and oscillating.
- Risk in European and U.S. sessions: If traders in Europe and America choose to take profits near the 2300 level, prices could quickly retrace by 3%-5%. The first support zone is between 2180-2200.

2. Trump’s "flip-flop" risk

- Although there is a ceasefire, Trump’s style is unpredictable. If he posts new tough remarks on social media within 24 hours, market sentiment could reverse again, causing ETH to give back gains.

Long and Short Trading Recommendations

- Short-term bulls: Do not chase the high. The current price at 2260 is near the intraday high. Wait for a pullback to around 2200 to confirm support before considering light positions, with a stop-loss below 2150.
- Short strategy: If the price rises to 2280-2300 and shows a 15-minute divergence, consider a small short position to profit from a correction, with quick entry and exit.