- The price of Ethereum rose above $2,170 after President Trump postponed the US attack on Iran.
- 15,002 Ethereum OG whales were sold. $ETH Approximately $30.97 million via Coinbase.
- Ethereum price has been hovering in the $2,000 to $2,200 range.
Amid market reaction to President Donald Trump’s new announcement, downside pressure quickly gave way to upside, with Ethereum price rising over 4% in a sharp U-turn.
However, the altcoin’s price hovered around the critical $2,000 level amid a notable whale landing in the hours before President Trump’s post on Monday.
Ethereum rebounds sharply after President Trump’s announcement
Ethereum rose in early U.S. trading, surging from around $2,060 to above $2,170 as bulls looked to recover from intraday lows.
The altcoin hovered around $2,150, with 24-hour trading volume exceeding $19 billion.
Looking at the market, we can see that Ethereum’s rise to a high of $2,170 coincided with Bitcoin’s sudden rise into the $70,000 area.
BTC fell below $68,000 as sentiment worsened due to the growing risk-on mood surrounding events in Iran and the Middle East.
However, President Trump’s announcement on Monday that the U.S. would suspend attacks on Iran for five days appeared to have given a boost to buying.
“The United States and Iran have engaged in productive talks over the past two days toward a complete resolution of hostilities in the Middle East. This week, as talks continue, I have ordered a five-day halt in military strikes against Iranian energy infrastructure, conditional on progress,” Trump wrote on Truth Social.
Economist Mohamed El-Erian noted via X that stock prices also rose.
Market prices took a sharp turn just minutes after the below post, as President Trump announced that the United States had had a “very productive and constructive dialogue” with Iran, resulting in “a five-day postponement of any military attack against Iranian power.” https://t.co/oSZ6Lvx7Gy
— Mohamed A. Eleriam (@eleriam) March 23, 2026
$ETH Prices fell as OG Whale sold for $31 million $ETH
On Monday, an Ethereum OG wallet labeled “0xa2F…F85A” moved 15,002. $ETH Coinbase, a cryptocurrency exchange based in the United States.
According to on-chain analytics platform Lookonchain, the total value of the coin was approximately $30.97 million at the time.
#EthereumOG (0xa2F6) sold 15,002 pieces $ETH($30.97 million)!
This OG previously received 172,700 $ETH Ten years ago (then worth $2.2 million, now $356 million), the price was $12.83. https://t.co/RoESAs76xF pic.twitter.com/wZ4PdUGWwt
— Lookonchain (@lookonchain) March 23, 2026
The wallet initially had approximately 172,700 accumulated $ETH About 10 years ago, each token was trading close to $12.83, meaning the initial cost was about $2.2 million.
At current prices near the low $2,000s, the entire stash is worth about $353 million, representing a significant profit for the paper over the years.
Despite the huge cash outflow, this address still holds over 14,800 Ether and is one of the network’s long-term holders.
In a separate transaction, another whale sold 5,000 $ETH Equivalent to approximately $10.3 million. The transfer was made at approximately $2,063 per token, slightly lower than the current price. $ETH.
Approximately 126,000 of these whales remain $ETHworth approximately $257 million, which indicates an overall long-term bullish sentiment.
Key levels of Ethereum price
From a technical point of view, $ETH It remains within short-term support and resistance in the $2,000-$2,200 range.
As highlighted here, $2,150 is a key level and upward momentum will depend on whether the bulls can sustain support.
On the downside, the main bearish target is around $1,800, while bulls are expecting $3,000 and an all-time high of $4,953 in August 2025.
