Ethereum surged past $1,950 after the United States paused airstrikes on Iran, triggering $86.1 million in short liquidations over 24 hours. Shorts accounted for more than 94% of the total $91.6 million in liquidations, with over $56 million concentrated in the four hours after the halt to military action was confirmed. ETH rose 4.27%, its biggest gain since July 14, with spot-driven price action outpacing a 2.84% increase in futures open interest. The daily RSI maintained a bullish cross above its 14-day moving average, and similar past patterns suggest a potential test of $2,000, but with major central bank policy meetings including the Federal Reserve looming, breaking resistance at $1,965 will be the key focus.