Ethereum Reclaims $2,000 as Middle East De-Escalation Hopes Lift Crypto Prices
According to crypto.news, Ethereum rose 2.5% to an intraday high of $2,058 on Monday as investors responded to expectations of easing geopolitical tensions.
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Terms & Concepts
- Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications.
- Intraday high: The highest price an asset reaches during a single trading day.
- Price resistance: A market level where an asset often faces selling pressure that can slow or halt further gains.