Ethereum briefly rallied to $2,400 on Trump-Iran ceasefire optimism and easing oil fears.
Sentiment lifted risk assets, with BTC leading the charge with prices rising above $75k.
ETH price outlook includes an ascending channel and bullish RSI.
Ethereum price extended gains on Tuesday, briefly touching highs above $2,400 as Bitcoin and broader cryptocurrency markets surged on optimism surrounding potential diplomatic progress in US-Iran negotiations.
As President Donald Trump’s comments on advancing talks following a recent two-week ceasefire fueled investor sentiment, risk assets, including equities, climbed while oil prices retreated.
This confluence of geopolitical hope and easing inflation concerns marked a pivotal moment for digital assets, with Bitcoin leading the charge past key psychological thresholds.
Ethereum hits highs of $2,360 as Bitcoin surges above $75,000
ETH extended its impressive rally on Tuesday, pushing decisively above $2,300 after breaking from lows of $2,270 overnight from Monday.
This marked the cryptocurrency’s highest level in over two months.
Santiment notes that open interest in BTC and ETH has jumped 59% and 45%, respectively, in seven weeks.
🥳 Bitcoin ($76,070) & Ethereum ($2,395) have both hit their highest market values since the beginning of February. This rebound is coming with increased optimism, as margin & leveraged positions are being created rapidly.
📈 $BTC: +59% Open Interest in 7 weeks📈 $ETH: +45%… pic.twitter.com/VgevsGwMz1
— Santiment (@santimentfeed) April 14, 2026
Bitcoin rose from around $74,000 to above $76,000 before paring gains to around $75,500 as of writing. Goldman Sachs filing for a Bitcoin ETF boosted sentiment.
The uptick in Bitcoin and Ethereum also closely tracked gains across US stock benchmarks, which rallied sharply after cooler-than-expected US producer price data eased inflation concerns. The report boosted risk appetite, drawing capital into high-beta assets such as cryptocurrencies.
Wall Street’s positive momentum provided an additional tailwind, with institutional investors appearing to rotate into Bitcoin amid perceptions of it as a hedge against fiat uncertainty.
On the geopolitical front, President Donald Trump’s remarks about pursuing further discussions with Iran—potentially building on last week’s fragile two-week ceasefire—served as an immediate catalyst.
Markets have interpreted this as a step toward a longer-term truce, reducing fears of escalation in the Middle East. As a result, oil prices have fallen below $100 per barrel, easing pressure on global energy costs and supporting gains in both equities and cryptocurrencies.
However, caution persists around the Strait of Hormuz, a critical chokepoint for global oil shipments.
Investors are awaiting clearer signals on operational stability in the region, as any disruption could quickly reverse the current risk-on sentiment.
For now, Bitcoin’s momentum highlights its sensitivity to interconnected global developments, with trading volumes rising as bulls test fresh highs.
Ethereum price forecast
Ethereum price has formed an ascending channel since early April, with prices respecting the 50-day exponential moving average (EMA) as dynamic support near $2,176.
This level, coupled with the rising trendline of a potential triangle pattern, forms a robust foundation that bulls are defending vigorously. Buyers are now looking to turn the 100-day EMA ($2,356) into major support.
Among the key bullish indicators is the Relative Strength Index (RSI) on the daily timeframe, which has climbed above 62. The RSI has yet to enter the overbought territory, signaling strong momentum without immediate exhaustion.
Potential resistance looms at $2,800 and $3,370, which have acted as prior support and highs from January 2026.
Conversely, failure here might trigger profit-taking, testing support at $2,000 and likely lower at $1,800.
