$ETH fell by 7.79% amid geopolitical tensions, but the volume of futures and open interest reached new highs

Ethereum (ETHUSDT) experienced a significant price drop of 7.79% over the last 24 hours, declining from the 24h opening of $2,737.82 to the current Binance price of $2,524.41. This sharp decline is mainly associated with the escalation of geopolitical tensions and increased market volatility, as noted in recent news reports. The price drop follows a period of bullish momentum when Ethereum previously reached a 15-week high of $2,833 on June 11, 2025, driven by optimism regarding the trade deal between the USA and China and positive macroeconomic data. However, the activity of large investors, including significant sales and buybacks of ETH, as well as notable transactions by hackers, contributed to short-term volatility. The trading volume of Ethereum futures remains strong, recently surpassing Bitcoin, and open interest reached a record level of $20 billion, indicating continued strong participation in the market despite the recent decline. The 24-hour trading volume is approximately $35.5 billion, and the market capitalization is around $336.5 billion, reflecting ongoing investor participation.