Ethereum Tests Crucial Support as Geopolitical Tensions Rattle Markets

Ethereum has dropped over 14% since Wednesday, slipping from $2,830 to around $2,556 amid global uncertainty. Renewed conflict between Israel and Iran has shaken investor confidence, triggering volatility across crypto markets.

ETH is once again testing the key $2,500–$2,520 support zone — a historically strong level linked to past rallies toward $4,000. Despite recent pressure, ETH has held above its 50- and 100-day moving averages. However, the 200-day MA at $2,642 remains strong resistance.

Reclaiming $2,642 could fuel a bullish push, but a breakdown below $2,500 risks triggering a deeper slide to $2,300. All eyes now turn to whether ETH can hold the line once more.