$ETH Perspective for the Next Month

Scenario A: Continued Risk Aversion

If geopolitical tensions escalate (for example, a new Iranian retaliation or escalation by intermediaries), ETH could test the support of $2,400 and potentially head towards $2,000.

Ongoing liquidations could further depress prices as traders exit positions in a volatile environment.

Scenario B: Stabilization and Relief Rally

If tensions ease—perhaps due to communication channels or reduced retaliations—a technical rebound is possible. Historically, markets have recovered after the initial drop.