Ethereum (ETH) saw renewed buying momentum, edging closer to the $3,000 mark, after former U.S. President Donald Trump stated that Russian President Vladimir Putin had agreed to begin negotiations aimed at ending the Ukraine war. The development lifted risk sentiment across global markets, with crypto investors viewing geopolitical stability as a potential catalyst for further gains.
The crypto market initially faced volatility following hotter-than-expected U.S. inflation data, which reinforced expectations that the Federal Reserve may keep rates elevated. However, Ethereum rebounded as traders shifted focus to broader macroeconomic and geopolitical shifts, betting that an end to the conflict could reduce uncertainty and fuel risk asset rallies.
ETH’s technical outlook remains bullish, with momentum indicators favoring further upside if buying pressure sustains. Analysts suggest that a breakout above key resistance levels could push Ethereum beyond $3,000, but market conditions remain sensitive to Fed policy shifts and global liquidity trends.
Despite the optimism, traders remain cautious, as no official confirmation has been provided on potential Russia-Ukraine negotiations. If diplomatic efforts gain traction, Ethereum and the broader crypto market could see extended upside, but setbacks in talks may trigger renewed volatility.
For now, Ethereum’s path remains tied to macroeconomic forces and risk sentiment, with U.S. monetary policy and geopolitical updates playing a crucial role in determining whether ETH can sustain its upward momentum.
