TradingKey – US-Iran conflict triggered a temporary pullback in ETH, but the bullish technical structure remains intact, with potential to continue rising and outperform Bitcoin.

On July 20, the crypto market weakened further as the Middle East situation continued to deteriorate, falling 0.8% today and dropping below $2.2 trillion. Meanwhile, Bitcoin ( BTC) fell 0.74%, while Ethereum ( ETH) showed relative resilience, falling only 0.4% and continuing to fluctuate above the $1,800 level. This divergence has drawn significant market attention, with hopes that an upward breakout by Ethereum will drive a rebound in the crypto market.

Since late June, the crypto market has gained a brief respite amid the US-Iran conflict, with the prices of…