- Ethereum price rose above $2,170 after Trump delayed the US strike on Iran.
- Ethereum OG whale sold 15,002 ETH for about $30.97 million via Coinbase.
- The price of Ethereum rises in $2,000-$2,200.
The price of Ethereum rose more than 4% in a sharp U-turn as downward pressure gave way to a move in the middle of the market to the new announcement of President Donald Trump.
However, the price of the altcoin remained close to the critical level of $ 2,000 among the popular fish released in the hours before Trump’s post on Monday.
Ethereum is soaring amid Trump’s announcement
Ethereum traded heavily in the early hours of US trading, moving sharply from $2,060 to above $2,170 as bulls try to recover from intraday lows.
The altcoin was close to $2,150, boasting a 24-hour trade of more than $19 billion.
A look at the markets shows Ethereum’s move to $2,170 coincides with Bitcoin’s sudden rise to the $70,000 area.
BTC fell below $68,000 as the main risk factor was met by developments in Iran and the Middle East.
However, President Trump’s announcement of a five-day moratorium on US strikes on Iran on Monday appeared to encourage consumers.
“The United States and Iran have had productive talks over the past two days to end the conflict in the Middle East.” As negotiations continue this week, I have ordered a five-day moratorium on any military action against Iran’s nuclear arsenal, subject to progress,” Trump wrote on Truth Social.
Stocks also saw a rise, economist Mohamed El-Erian reported via X.
The stock market rallied minutes after President Trump announced that the U.S. had engaged in “excellent and constructive negotiations” with Iran, leading to a five-day suspension of “any military strikes against Iranian forces… https://t.co/oSZ6Lvx7Gy
– Mohamed A. El-Erian (@elerianm) March 23, 2026
ETH prices dropped as OG whale sold $31M ETH
On Monday, an Ethereum OG wallet labeled “0xa2F…F85A” moved 15,002 ETH to US-based crypto exchange Coinbase.
The total value of the investment stood at about $30.97 million at the time, the platform for analysis of the Lookonchain system.
An #EthereumOG (0xa2F6) only sold 15,002 $ETH($30.97M)!
This OG already received 172,700 $ETH 10 years ago (worth $2.2M then, now $356M) at $12.83.https://t.co/RoESAs76xF pic.twitter.com/wZ4PdUGWwt
– Lookonchain (@lookonchain) March 23, 2026
The wallet was initially collected around 172,700 ETH about ten years ago, when each token was sold at around $12.83, meaning the initial release of about $2.2 million.
At current prices near the low-$2,000s, the entire stash would be worth about $353 million, reflecting the paper’s huge gains over the years.
Despite the large amount of coins released, this address still holds 14,800 Ether and is one of the longest running networks.
In a separate event, another whale sold 5,000 ETH for about $10.3 million. The transfer took place at about $2,063 per token, slightly lower than the current price of ETH.
The whale still has about 126,000 ETH, worth about $257 million, and this shows a long-term outlook.
The price of Ethereum shares
From a technical perspective, ETH is moving within short-term support and resistance in the $2,000–$2,200 range.
As indicated Here$2,150 is a critical level and a major move up will take bulls to maintain support.
Underneath, the main targets for udders are around $1,800, while cows like $3,000 and the August 2025 all-time high of $4,953.
