ETHUSD Pulls Back, Bullish Trend Intact Above $2000, Targeting $4000

ETHUSD showed a minor pullback of more than $300 following the footstep of Bitcoin.  It hits an  high  of  $2439 and is currently trading around $2404.

On June 23, 2025, former U.S. President Donald Trump announced a "complete and total ceasefire" between Iran and Israel, bringing an end to their twelve-day armed conflict. The ceasefire was phased, with Iran ceasing hostilities within six hours and Israel following twelve hours later, leading to a full cessation within 24 hours. Iran's Foreign Minister, Abbas Araghchi, confirmed the halt, noting military actions continued until 4 a.m. local time and stating Iran would cease retaliation if Israel stopped attacks. The conflict involved Iranian missile strikes on Israeli cities and Israeli attacks on Iranian nuclear sites, escalating after U.S. strikes on Iranian nuclear facilities. While Iran responded with missiles on a U.S. base in Qatar, Trump called it a "very weak response" with no U.S. casualties. This de-escalation was a result of intensive diplomatic efforts, with Qatar playing a key role in mediating the U.S. proposal, supported by the international community.

Overall trend remains bullish  as long as support $2000 remains intact. Watch out for $2500, any break above targets $2600/$2661/$2715/$2770/$2880/$3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.

Immediate support is around $2300. Any violation below will drag the price down to $2000/$1750/$1675/$1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.

It is good to buy on dips around $2300 with SL around $2000 for a TP of $3000/$4000.

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