Ethereum just received an unexpected boost from a peace deal in the Middle East. On June 15, the US and Iran confirmed a ceasefire, leading to an immediate response in the crypto markets. ETH jumped nearly 3% and is approaching the $1,780 level that traders have been eyeing for weeks. However, challenges remain, especially with the Federal Reserve meeting on the horizon. What happened The confirmation of the peace deal surprised many in the markets. Analysts had not anticipated such a direct impact on crypto prices. ETH, which is still roughly 43% down from its 2026 opening price, is attempting to recover. The price also sits below the 200-day moving average of $2,409 . What this means for ETH The rise toward $1,780 is significant for traders. This level could be a turning point, but ETH's broader downtrend remains a concern. The upcoming Federal Reserve meeting may also affect the market, so investors should proceed with caution. ETH is still in a downward trend. The Federal Reserve meeting is approaching. The peace deal has positively influenced the markets. Staying informed about developments in the crypto world is crucial. For more detailed information, read the full article at the source. This article is not financial advice. Always do your own research before making decisions about your money. Read the full article