Short & Sharp (Newsletter Friendly)
ETH Clears $2,600 as Bulls Brush Off War Fears
Ethereum (ETH) rose 3.7% Monday, crossing $2,600 amid global risk-on sentiment and strong fund inflows — despite escalating tensions in the Middle East.
- 📈 ETH hit $2,636.76 before cooling to $2,614.
- 💰 $583M poured into ETH investment products last week (CoinShares).
- 🧠 Institutional demand remains robust — open interest in ETH futures sits near $36.3B.
- 🛡️ Price action showed resilience, forming an ascending triangle just above $2,600.
While Israel-Iran headlines shook gold and oil markets, crypto bulls stayed focused on the fundamentals. If this momentum holds, ETH could retest yearly highs sooner than expected.
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