{"id":441642,"date":"2026-11-05T17:40:06","date_gmt":"2026-11-05T10:40:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/ethereum-rallies-on-bets-midterm-defeat-will-push-trump-towards-iran-war-exit-whats-next-441642\/"},"modified":"2026-11-05T17:40:06","modified_gmt":"2026-11-05T10:40:06","slug":"ethereum-rallies-on-bets-midterm-defeat-will-push-trump-towards-iran-war-exit-whats-next","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/ethereum-rallies-on-bets-midterm-defeat-will-push-trump-towards-iran-war-exit-whats-next-441642\/","title":{"rendered":"Ethereum rallies on bets midterm defeat will push Trump towards Iran war exit. What’s next?"},"content":{"rendered":"
\n

Ethereum whipsawed yesterday as the Democrats\u2019 victory of both the House and the
\n Senate initially weighed on the cryptocurrency before staging a strong rebound.\n <\/p>\n

It looks like the market believes the midterm loss will force Trump to
\n seek an exit from the Iran war, eventually supporting economic growth as energy
\n prices fall significantly.<\/p>\n

That\u2019s also what we\u2019ve seen in the oil market yesterday as prices dropped
\n quickly after US Vice President Vance blamed the war with Iran for the Republican Party’s heavy losses in the
\n midterm elections. His post published on X reinforced market expectations that
\n the Trump administration could seek an off-ramp from the war rather than
\n escalate military operations.<\/p>\n

Keep in mind, though, that Trump can legally continue military
\n operations against Iran even if Democrats control both the House and the
\n Senate. So, it\u2019s not that simple to force Trump out of the war now that he has
\n nothing to lose. But for now, this seems the scenario the market is betting on.\n <\/p>\n

Looking ahead, the focus will remain on US-Iran negotiations. A
\n breakthrough would be positive for Ethereum on improving growth outlook and
\n positive risk sentiment. An escalation, on the other hand, will likely trigger
\n another selloff on increasing growth concerns and safe haven flows.<\/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 above the downward trendline
\n and opened the door for new highs. The breakout could extend the rally into the
\n 2,575 level. If the price gets there, we can expect the sellers to step in,
\n with a defined risk above the level, to position for a drop into the 1,900
\n level. The buyers, on the other hand, will want to see the price breaking higher
\n to increase the bullish bets into the 3,400 resistance, with the 2,800 level as
\n the first target. <\/p>\n

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

On the 4 hour chart, we an
\n upward trendline that could act as support in case the price pulls back. If the
\n price gets there, we can expect the buyers to lean on the trendline, with a
\n defined risk below it, to keep targeting new highs. The sellers, on the other
\n hand, will look for a break to increase the bearish bets into the 1,900 level
\n next. <\/p>\n

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

On the 1 hour chart, the consolidation
\n formed a potential bullish pennant. The buyers will want to see the price breaking
\n higher to increase the bullish bets into the 2,575 level, while the sellers
\n will look for a break lower to position for a pullback into the broken
\n trendline. The red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a>we
\n get the latest US Jobless Claims figures. Tomorrow, we conclude the week with
\n the US NFP report and the University of Michigan Consumer sentiment survey.<\/p>\n

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

Ethereum whipsawed yesterday as the Democrats\u2019 victory of both the House and the Senate initially weighed on the cryptocurrency before staging a strong rebound. It looks like the market believes the midterm…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441642","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441642"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441642\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}