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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InDigital markets experienced a broader recovery as Bitcoin BTC hit the $78,100 level on Wednesday, pushing Ethereum ETH closer to the $2,400 mark. This upward momentum is supported by geopolitical developments following President Donald Trump's announcement of an indefinite extension of the Iran ceasefire, despite maintaining the Strait of Hormuz blockade. Simultaneously, whales have continued their accumulation of 700,000 ETH to offset the $6 billion liquidity drain from the Aave protocol. Robust capital inflows into Ethereum ETFs are further stabilizing the asset class after a previous $2 billion wipeout in Open Interest. Investors are now assessing whether the combination of geopolitical stability and Bitcoin's strength can sustain a technical breakout for Ethereum. Long-term sentiment remains optimistic as analysts position the network as a fundamental pillar of global finance.