$ETH Armed conflicts often generate uncertainty in traditional financial markets, and cryptocurrencies are no exception. In wartime contexts, investors tend to seek safe-haven assets such as gold, the dollar, or, in some cases, Bitcoin. However, Ethereum (ETH) can be affected differently. In the short term, a conflict may cause declines in the crypto market due to massive sell-offs driven by fear and the need for liquidity. Nevertheless, in regions with financial systems collapsed by war, cryptocurrencies like ETH gain prominence as a means of value transfer, especially thanks to its DeFi ecosystem and its ability to support smart contracts. If the war impacts technological infrastructures or leads to regulatory restrictions, there could be downward pressure. However, if demand for decentralized solutions increases, ETH could benefit in the medium term. Ultimately, it will depend on the geopolitical and economic scope of the conflict.