Buying ETHUSD with $2,050 target if geopolitical climate improves and risk appetite rises

Ethereum (ETHUSD) is currently trading near $1,808, still feeling the pressure after its recent decline. The primary engine behind this move was a large liquidation of long positions in the crypto market, with total volume exceeding $1 billion in the past twenty-four hours. This setup triggered a massive sell-off and temporarily soured sentiment.

Large ETH holders keep acting tricky: some are transferring tokens to exchanges, raising the risk of further downside, while others are using the current dip to accumulate positions. Let’s look at an example. One of these “big wallets” has just bought over 5,500 ETH at $1,789, signaling strong interest in the asset at current levels.

Meanwhile, the fundamental background is improving, supporting a more positive outlook. The recent agreement between Israel and Lebanon increases the likelihood that the United States and Iran will continue their peace negotiations. This is a significant development for all financial markets: once the Strait of Hormuz crisis begins to de-escalate, riskier assets—including Ethereum—could attract more attention.

Another long-term positive factor is the approval of regulated perpetual cryptocurrency contracts in the US. This decision has the potential to draw in fresh institutional capital and boost market liquidity in the medium run.

From a technical perspective, there is a clear downtrend on the daily ETHUSD chart. Prices have slid from $2,400 in early May to the current $1,808 level. Today’s session is not over yet, and the candle suggests that the pair is attempting to rebound from the low of $1,721.62. The Chaikin Oscillator sits in negative territory, pointing to continued capital outflows. Despite these headwinds, a solid support zone between $1,700 and $1,720 offers Ethereum a real chance to rebound to $2,000.

Consider the trading plan down below:

Buy ETHUSD within the $1,770–$1,810 range. Place Take Profit at $2,050 and Stop Loss at $1,610.

The forecast remains pertinent from June 4 till June 11, 2026.