- Ethereum briefly rallied to $2,400 on Trump-Iran to end hopes of a ceasefire and reduce oil fears.
- Opinions lifted the risk economy, with BTC leading prices higher than $75k.
- The ETH price pattern includes a bullish trend and a bullish RSI.
The price of Ethereum surged on Tuesday, briefly touching above $2,400 as Bitcoin and cryptocurrency markets rallied on hopes of diplomatic progress in US-Iran talks.
As President Donald Trump’s comments on the progress of negotiations after the recent end of a two-week ceasefire have raised concerns, risk assets, including currencies, rose as oil prices fell.
The combination of political optimism and easing concerns about inflation has been a key moment in the digital economy, with Bitcoin leading the way in historical sentiment.
Ethereum will hit a high of $2,360 while Bitcoin will rise above $75,000
ETH extended its impressive rally on Tuesday, pushing above $2,300 after an overnight low of $2,270 from Monday.
This marked the highest level of the cryptocurrency in two months.
Santiment reports that open interest in BTC and ETH has jumped 59% and 45%, respectively, in seven weeks.
🥳 Bitcoin ($76,070) & Ethereum ($2,395) have both reached their highest prices since early February. This review comes with more expectations, as the limited space is being created quickly.
📈 $BTC: + 59% Open Interest in 7 weeks
📈 $ETH+45%… pic.twitter.com/VgevsGwMz1– Santiment (@santimentfeed) April 14, 2026
Bitcoin increased from $74,000 over $76,000 before making a profit up to $75,500 at writing. Goldman Sachs holding Bitcoin ETF boosts sentiment.
The rise in Bitcoin and Ethereum also closely followed the performance of US stock benchmarks, which rose sharply after cooler-than-expected US prices eased inflation concerns. The report fueled risk appetite, pulling money into high-beta assets such as cryptocurrencies.
Wall Street’s positive momentum provided additional guidance, with institutional investors appearing to circle into Bitcoin amid its perception as a hedge against fiat uncertainty.
On the political front, President Donald Trump’s insistence on continuing negotiations with Iran — likely extending the two-week stalemate last week — served as a recent boost.
Markets have interpreted this as a step towards a long-term deal, easing fears of an escalation in the Middle East. As a result, oil prices have dropped below $100 per barrel, reducing pressure on energy prices around the world and supporting gains in both commodities and cryptocurrencies.
However, caution continues around the Strait of Hormuz, the world’s most critical oil shipping hub.
Investors are waiting for clear signs of job stability in the region, because any disturbance can quickly change the current opinion.
Meanwhile, Bitcoin’s rise is showing its interest in global communications, with trading volume increasing as bulls attempt new highs.
Ethereum price today
The price of Ethereum has made an upward trend since the beginning of April, with prices respecting the 50-day moving average (EMA) as a strong support near $2,176.
This level, combined with the rise of the triangle shape, creates a strong base that the bulls defend strongly. Buyers are now looking to turn the 100-day EMA ($2,356) into major support.
Among the main bullish indicators is the Relative Strength Index (RSI) during the daily period, which has risen above 62. Before the RSI entered the overbought area, it shows strong strength without getting tired quickly.
Potential resistance is at $2,800 and $3,370, which have been supportive in the past and highs since January 2026.
Conversely, a failure here would lead to profit taking, testing support at $2,000 and possibly a drop below $1,800.
