According to Augustine Fan, head of insights at SignalPlus, the cryptocurrency market experienced a sharp rally following former U.S. President Donald Trump's claim of brokering an Israel-Iran ceasefire, with Ether (ETH) rising above $2,400, Solana (SOL) surpassing $140, and Cardano (ADA) exceeding $0.50, all gaining approximately 7% in 24 hours as trading volumes rebounded from $600 million in liquidations. Fan cautioned that while the market may normalize, risks include a potential shake-out from recent long positions and negative sentiment from companies exploring Bitcoin treasuries. Kay Lu, CEO of HashKey Eco Labs, noted Bitcoin's resilience near $105,000 amid geopolitical volatility, attributing it to institutional inflows and its evolving role as a macro hedge, though traders warn of profit-taking in overheated tokens like ETH.

According to stocktalkweekly Research, Ether (ETH) surged 9% to $2,420 following former U.S. President Donald Trump's ceasefire announcement between Israel and Iran, reversing war-driven market anxiety and fueling bullish sentiment across cryptocurrencies. On-chain data shows $265 million in ETH was accumulated by whales, supporting the rally as technical analysis indicates potential for breaking the $2,500 resistance level.