The tense situation between the US and Iran, can ETH hold the 2000 level?

Over the weekend, ETH performed calmly, hovering around 1950, seemingly waiting for an opportunity. However, when Trump announced that Iran's new leader must get his approval, or face "not for long," it instantly ignited the Middle East situation. Crude oil surged, US stock futures plummeted, and market risk aversion sharply increased, pulling ETH into the storm.
On the news front, Trump initially aimed to replicate the quick victory model used against Maduro but was met with a tough response from Iran. Russia also provided satellite positioning support, and the US Navy's "Ford" aircraft carrier headed to the battlefield, making the situation increasingly complex. This "sudden + uncontrollable" geopolitical conflict caused market funds to flow out of risk assets. In the short term, ETH faces significant pressure. If the situation worsens, the 2000 level will face greater resistance.

From a technical perspective, the 4-hour candlestick chart shows ETH oscillating around 1944. The middle band of the Bollinger Bands at 1985 is a short-term resistance level, the upper band at 2077 is a strong resistance, and the lower band at 1893 is a support. In the MACD indicator, DIF and DEA form a death cross below the zero line, with green bars expanding, indicating increasing bearish momentum. The RSI is around 40, weak with room to decline; the MFI money flow index shows mainly outflows, with decreasing volume and market cautiousness. In the short term, ETH is likely to fluctuate between 1900 and 1985. A break below 1893 could lead to a drop toward 1800, and only a volume breakout above 1985 might give a chance to challenge above 2000.

In terms of trading strategy, focus on short-term high selling. A rebound near 1980 can be used for light short positions, with a stop-loss above 2000, targeting 1920 - 1900. If ETH stabilizes around 1900, consider short-term long positions with a stop-loss at 1885, targeting 1950 - 1980. Conservative traders can wait for clearer market signals before entering to avoid chasing highs or selling lows. Although there are opportunities, under the US-Iran conflict, ETH's trend remains uncertain. Do not rush to bottom fish; operate calmly. $ETH