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ETH Tests $2.1K — Relief Bounce or Bull Trap in Play?
Ethereum is attempting to recover the $2,100 mark following news that Iran’s president may consider ending the conflict if certain conditions are met. This development eased market pressure—oil prices fell by about 5%, while cryptocurrencies and stocks saw gains.
This rebound also helped shift attention away from recent concerns about Google’s quantum computing research, which suggested that future quantum machines might compromise crypto wallet security. Currently, around 20.5 million ETH in major wallets could be at risk. Both Google and the Ethereum Foundation are aiming to implement quantum-resistant security measures around 2029.