Ether, solana and XRP rebounded on Tuesday as optimism surrounding a potential ceasefire lifted risk assets.
U.S. President Donald Trump said the conflict could conclude sooner than the timeframe he had previously suggested, but warned that attacks could intensify if Tehran attempts to disrupt oil flows through the Strait of Hormuz.
Ether climbed back above the key $2,000 threshold, rising 4.9 percent to $$2,057.03 as of 12:21 GMT. Solana gained 3.1 percent to $86.50, while BNB increased 3.1 percent to $646.38, and XRP rose 2.7 percent to $1.39.
Dogecoin trailed the broader market with a 5.2 percent gain.
Trump’s remarks help stabilize global markets
The rise in major cryptocurrencies came following comments from U.S. President Donald Trump late Monday, when he told reporters the Iran conflict could be resolved “very soon” and suggested U.S. military objectives were largely complete.
The remarks helped stabilize global markets. Asian equities rebounded about 2 percent after plunging 3.7 percent the previous session, while technology stocks in the MSCI Asia Pacific index rose 3.5 percent. Oil prices also pulled back after surging above $100 on Monday.
Institutional flow data echoed that sentiment. CoinShares reported $619 million in inflows to crypto investment products for the week ending Friday, including $521 million directed into bitcoin funds, pushing total assets under management to $108.3 billion.
That inflow occurred during a volatile week in which the S&P 500 wiped out $1 trillion in market value in a single session and the economy lost 92,000 jobs.
Read: Extreme fear grips crypto market with index at 8 as Bitcoin rises to $67,853
Ether recovery underway
Ether experienced a turbulent few weeks marked by sharp swings in both directions as the cryptocurrency reacted to a combination of broader crypto momentum, derivatives positioning and shifting geopolitical sentiment. The sequence of moves highlighted how closely ETH remains tied to Bitcoin-led market dynamics while still exhibiting its characteristic higher-beta behavior, said IG analyst Axel Rudolph.
This week began with strong upward momentum as Ether joined Bitcoin in a broad rally across major cryptocurrencies amid general risk-on sentiment due to the hope that the Iran war may soon come to an end. Prices advanced rapidly during Monday’s session as capital rotated back into large-cap digital assets after a period of consolidation.
Renewed inflows into crypto investment products supported the move, with Ether-linked exchange-traded vehicles registering modest but notable buying interest. Although institutional demand for ETH products remains smaller than for Bitcoin ETFs, the improvement in flows signalled that professional investors were again willing to increase exposure.
“For Ether to retain its short-term bullish momentum, it not only needs to hold above its 8 March low at $1915.07 but also rise at a very minimum above its 14 February high at $2105.36. Only a rise and daily chart close above the next higher 4 March high at $2198.36 would confirm a break through a significant resistance area with the $2400 region then being in focus,” added Rudolph.
