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Ethereum Price Eyes $2,000 as US-Iran Tensions Ease

Guavy AI Editorial Team
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ETH
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The Ethereum price is now eyeing the $2,000 mark after tensions between the United States and Iran eased over the weekend.

The de-escalation in geopolitical risks has reduced the cryptocurrency market's risk premium and improved sentiment around Ethereum.

Institutional demand remains supportive, with U.S. spot Ethereum ETFs recording cumulative net inflows of $103.9 million from July 20 to July 24.

The holding of the key support level at $1,850 has provided fundamental support for the recovery and kept the $2,000 target in focus.

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