{"id":440838,"date":"2026-10-26T17:40:06","date_gmt":"2026-10-26T10:40:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/ethereum-recovers-some-losses-as-fears-of-us-iran-strikes-fade-macro-headwinds-limit-the-upside-440838\/"},"modified":"2026-10-26T17:40:06","modified_gmt":"2026-10-26T10:40:06","slug":"ethereum-recovers-some-losses-as-fears-of-us-iran-strikes-fade-macro-headwinds-limit-the-upside","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/ethereum-recovers-some-losses-as-fears-of-us-iran-strikes-fade-macro-headwinds-limit-the-upside-440838\/","title":{"rendered":"Ethereum recovers some losses as fears of US-Iran strikes fade; macro headwinds limit the upside"},"content":{"rendered":"
\n

Ethereum broke
\n below key technical levels recently as fears of potential US strikes on Iran
\n weighed on the crypto market. The expectations
\n proved to be wrong, and we\u2019ve started to see a general rebound in risk sentiment
\n as oil prices eased. <\/p>\n

In the bigger picture, nothing has changed as the
\n Middle East crisis continues to put upward pressure on inflation while being a
\n drag on global growth. The Federal Reserve is forced to keep a tightening bias,
\n and we have the midterm elections adding further uncertainty. These negative forces
\n are likely to limit major rallies in Ethereum. <\/p>\n

This week, the focus will be on the FOMC decision on
\n Wednesday and the developments in the Middle East. <\/p>\n

The Fed is widely
\n expected to keep interest rates unchanged, so a surprise rate hike would
\n trigger a strong selloff in Ethereum. We won\u2019t get the Dot Plot at this
\n meeting, so the attention will be on Fed Chair Warsh. Given his reluctance to
\n provide forward guidance, though, he\u2019s unlikely to say much, although traders
\n will keep an eye for any hawkish surprise. <\/p>\n

\u00a0<\/p>\n

ETHEREUM TECHNICAL
\n ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can
\n see that Ethereum<\/a>broke below the major upward trendline
\n and the 2,360 support, opening the door for a move into the 1,900 level. The
\n sellers will likely continue to pile in around these levels, with a defined
\n risk above the downward trendline, to keep targeting the 1,900 level. The buyers,
\n on the other hand, will need a break above the downward trendline to start positioning
\n for a rally into the 3,400 level next, with the 2,800 level as the first
\n target.<\/p>\n

ETHEREUM TECHNICAL
\n ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we can
\n see the price is consolidating below the broken support. If we get another
\n retest, we can expect the sellers to step in, with a defined risk above the broken
\n support, to keep targeting new lows. The buyers, on the other hand, will look
\n for a break higher to extend the pullback into the downward trendline.<\/p>\n

ETHEREUM TECHNICAL
\n ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, there\u2019s
\n not much we can add here as the sellers will have a better risk to reward setup
\n around the broken support, while the buyers will need a break to start positioning
\n for new highs. The red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Tomorrow<\/a>we
\n get the US Consumer Confidence report. On Wednesday, we have the FOMC rate
\n decision. On Thursday, we get the US GDP report, the US PCE and the latest US
\n Jobless Claims figures. On Friday, we conclude the week with the US Employment
\n Cost Index.<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

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