ETH Slides 3% to $2,474 Amid Geopolitical Tensions, ETF Outflows, and $120M Liquidations

Ethereum (ETH) experienced a 3.02% price decline over the last 24 hours, with its current price at $2,474.40 (Binance), down from a 24h open of $2,551.50. This drop is primarily attributed to increased global risk aversion amid heightened geopolitical tensions in the Middle East, as well as a broader market sell-off affecting both crypto and traditional assets. Additional pressure came from the first net outflow in U.S. spot Ether ETFs after a prolonged period of inflows, alongside substantial liquidations totaling over $120 million in both long and short positions. Despite this volatility, ETH remains highly liquid with 24h trading volume reported between $22 billion and $27.6 billion, and continues to attract significant institutional and whale accumulation, with ongoing interest in its role in tokenized finance following recent supportive U.S. legislation. Key support is being watched around the $2,500 level as the market assesses near-term direction.