Ethereum price today: $2,100

• Ethereum gained 4% on Monday following comments from President Pezeshkian on a potential end to the war between Iran and US-Israel.
• The comments have pushed ETH to temporarily shake off fears about quantum computing sparked by Google's recent research.
• ETH has to flip the 50-day EMA cap to test the $2,388 resistance.

Ethereum (ETH) is attempting to reclaim the $2,100 level on Tuesday, following reports that Iran's President Masoud Pezeshkian is ready to end the war with the US and Israel if 'guarantees' are met, according to Bloomberg. Although these 'guarantees' remain largely unknown for now, WTI Oil prices dropped about 5% upon the report, while cryptos posted gains alongside equities.

The recent move has helped the market temporarily shake off bearish sentiment sparked by Google's quantum computing research, which estimates that a quantum attacker would soon be able to crack the public-key cryptography behind Bitcoin and Ethereum wallets.

The research highlighted that the top 1,000 Ethereum wallets, with a balance of about 20.5 million ETH, could be at risk. A quantum computer cracking each key every 9 minutes could get through all of them in roughly 9 days.

The tech giant shifted its post-quantum transition date to 2029. The date aligns with that of the Ethereum Foundation (EF), which recently announced a post-quantum roadmap and a dedicated team to make Ethereum post-quantum secure.

Meanwhile, Ethereum continues to face bearish pressure on the institutional side. US-listed spot Ethereum exchange-traded funds (ETFs) recorded modest inflows of $4.9 million on Monday, according to SoSoValue data. Prior to that, the products posted eight consecutive days of net outflows, totaling roughly $440 million.

Ethereum Price Forecast: ETH eyes the 50-day EMA cap

Ethereum saw $95.9 million in liquidations over the past 24 hours, driven by $52.8 million in short liquidations, per Coinglass data.

In the daily chart, ETH trades at $2,100, up 4% over the past 24 hours as of writing. The near-term bias is neutral with a slight bullish tilt as price holds slightly above the 20-day Exponential Moving Average (EMA) near $2,080 while remaining capped beneath the descending 50-day EMA around $2,160.

The recent recovery from the sub-$2,000 area comes as the Relative Strength Index (RSI) rebounds toward the 50 line, suggesting stabilizing momentum after prior weakness rather than a confirmed trend. The Stochastic Oscillator (Stoch) has turned higher from oversold territory, signaling fading downside pressure, yet the broader structure below the 100-day EMA near $2,410 keeps the medium-term outlook constrained.

Immediate resistance stands at the horizontal barrier around $2,108, with a sustained close above it exposing the 50-day EMA at $2,160 and then the higher resistance cluster near $2,390. A move above that zone would bring the 100-day EMA into play as the next upside reference.

On the downside, initial support is at $1,911, followed by $1,741 and $1,524, marking the lower bounds of the prevailing range. As long as daily closes stay above $1,741 while price pressures the $2,108 cap, ETH would retain scope for a grind higher within a broader sideways environment.

(The technical analysis of this story was written with the help of an AI tool.)