Vice President Vance stated that "withdrawal from Iran will happen soon," which the market interprets as a de-escalation of conflict and a rebound in risk appetite.

• Cryptocurrency markets are most sensitive to geopolitical sentiment, with BTC/ETH rebounding in sync; ETH is relatively stronger.

II. Technical analysis: rebound after oversold conditions

• After the sharp drop on March 27, 120,000 traders were liquidated across the network, totaling $446 million, with high-leverage shorts exiting en masse.

• Price rebounded from the two-week low of $65,997 (BTC), with ETH recovering in tandem.

• Options market trading volume hit a record high, intensifying capital competition.

III. ETH's fundamental support

• 147,600 ETH were burned in March (approximately $543 million), continuing the deflationary effect.

• On-chain transaction count, active addresses, and Gas consumption all reached record highs.

• The Ethereum Foundation announced plans to complete quantum-safe upgrades and one-click staking by 2029, providing long-term positive outlook.

IV. Macro and regulatory environment

• Expectations of Federal Reserve rate cuts and a weakening dollar are favorable for risk assets.

• The US SEC clarified that ETH is a digital commodity, reducing regulatory uncertainty.

Summary: Geopolitical easing provides a reason for the rebound; oversold conditions, liquidations, and strong on-chain data all contribute to the rebound momentum.

Would you like me to help you organize the current key support/resistance levels for ETH and subsequent observation signals? #eth