4.21 Analysis

Recently, the US-Iran situation has sharply escalated, with the Strait of Hormuz reopening blockade, US military force intercepting Iranian ships, Iran refusing negotiations and preparing for conflict—geopolitical risks have fully intensified. ETH's current technical outlook shows a typical weak pattern, with a MACD death cross suppressing momentum, and Bollinger Bands narrowing, indicating a potential trend reversal. Here is a summary of the market.

💥 Geopolitical background: Only one day left in the ceasefire window, Iran is highly prepared for conflict

In the past two weeks, the US and Iran experienced a tumultuous diplomatic process with an “80% agreement collapse.” Both sides held a 21-hour marathon negotiation in Islamabad, with serious disagreements over core issues such as nuclear restrictions deadlines and passage rights through the Strait of Hormuz, ultimately failing to reach an agreement. Iran explicitly stated that negotiations are in an “atmosphere of distrust and suspicion,” while the US claimed its “red lines” are very clear, but Iran refuses to accept the conditions.

However, within 48 hours of the breakdown, the situation suddenly escalated—Iran’s Revolutionary Guard announced the reopening of the Strait of Hormuz blockade, “until the US lifts the maritime blockade on Iran.” Soon after, the US military forcibly intercepted and seized an Iranian cargo ship attempting to break the blockade in the Gulf of Oman, firing naval guns at the engine room and boarding to take control. Iran’s military accused the US of “blatantly violating the ceasefire agreement,” then launched drone attacks in retaliation, and announced