- Ethereum price briefly rose to $2,400 thanks to optimism about the ceasefire between Trump and Iran and easing concerns about oil.
- Sentiment lifted risk assets, with BTC leading the trend with prices rising above $75,000.
- ETH price forecast includes a bullish channel and a bullish RSI.
The price of Ethereum extended its gains on Tuesday, briefly touching highs above $2,400, as Bitcoin and broader cryptocurrency markets rose on optimism surrounding potential diplomatic progress in US-Iran negotiations.
While President Donald Trump’s comments on the progress of the talks after the recent two-week ceasefire stoked investor sentiment, risk assets, including stocks, rose while oil prices fell.
This confluence of geopolitical hope and easing inflation fears marked a pivotal moment for digital assets, with Bitcoin leading the charge, crossing key psychological thresholds.
Ethereum hits highs at $2,360 as Bitcoin price surges above $75,000
ETH continued its impressive rally on Tuesday, rising decisively above $2,300 after breaking out from the lows of $2,270 overnight from Monday.
This marks the highest level for the cryptocurrency in more than two months.
Santiment notes that open interest in Bitcoin and Ethereum jumped 59% and 45%, respectively, in seven weeks.
🥳 Bitcoin ($76,070) and Ethereum ($2,395) reached their highest market caps since the beginning of February. This bounce comes with increased optimism, as margin and leverage positions are quickly created.
📈 $ Bitcoin: +59% open interest within 7 weeks
📈 $ Ethereum: +45%… pic.twitter.com/VgevsGwMz1— Santiment (@santimentfeed) April 14, 2026
Bitcoin It rose from about $74,000 to over $76,000 before paring gains to around $75,500 at the time of writing. Goldman Sachs’ filing for a Bitcoin ETF boosted sentiment.
The uptick in Bitcoin and Ethereum also closely tracks gains across US stock indexes, which rose sharply after cooler-than-expected US producer price data eased inflation fears. The report boosted risk appetite, attracting capital to high-beta assets such as cryptocurrencies.
Positive momentum on Wall Street has provided additional tailwinds, as institutional investors appear to be turning to Bitcoin amid perceptions of it as a hedge against legal uncertainty.
On the geopolitical front, President Donald Trump’s comments about continuing further discussions with Iran — likely building on the fragile ceasefire reached last week — served as an immediate catalyst.
Markets interpreted this as a step toward a long-term truce, reducing fears of escalation in the Middle East. As a result, oil prices fell below $100 per barrel, easing pressure on global energy costs and supporting gains in both stocks and cryptocurrencies.
However, caution remains around the Strait of Hormuz, a vital passage for global oil shipments.
Investors are awaiting clearer signals on operational stability in the region, as any disruption could quickly reverse the current risk appetite sentiment.
Right now, Bitcoin’s momentum highlights its sensitivity to interconnected global developments, with trading volumes surging as bulls test new highs.
Ethereum price forecast
Ethereum price has formed an upward channel since early April, with prices respecting the 50-day Exponential Moving Average (EMA) as dynamic support near $2,176.
This level, along with the rising trend line of a potential triangle pattern, forms a strong foundation that the bulls are defending aggressively. Buyers are now looking to turn the 100-day moving average ($2,356) into major support.
Among the key bullish indicators is the Relative Strength Index (RSI) on the daily time frame, which has risen above the 62 level. The RSI has not yet entered the overbought zone, indicating strong momentum without immediate exhaustion.
Potential resistance looms at $2,800 and $3,370, which served as previous support and highs from January 2026.
Conversely, a failure here could lead to profit-taking, a test of the support at $2,000 and potentially a decline at $1,800.
