In June 2025, the United States officially launched precision strikes on three key nuclear facilities in Iran and demanded that the Iranian government "surrender unconditionally and completely destroy its nuclear weapons program." This move shocked the global market, and crude oil and gold prices jumped instantly. However, the most watched asset was Ethereum ($ETH ).
Currently, the price of ETH is still consolidating around $2,200. This price is in the key annual support area and is also an important gathering area for the application of smart contracts and the stable inflow of on-chain funds in the past six months.
This geopolitical conflict will trigger the transfer of funds to Ethereum from the following three aspects, thereby pushing up the price:
1. Decentralized assets become a new option for hedging
The rising risk of war will shake the confidence of the capital market in traditional banks and fiat currencies, especially the potential sanctions pressure on the US dollar settlement system in the Middle East and Eurasia. In this context, decentralized Ethereum becomes a safe-haven alternative for asset allocation, and the on-chain income advantage brought by ETH 2.0 staking makes it even more attractive.
2. Smart contracts and USDT/USDC cross-border usage surge
The escalation of the conflict will lead to financial institutions in many countries restricting transfers and settlements to Iran and its allies, while USDT and USDC will circulate rapidly on the Ethereum main chain. This will directly increase the gas fees and on-chain activity of the Ethereum network, forming a direct value support for ETH.
3. ETF expectations and spot accumulation constitute a "price slingshot effect"
In the $2,200 range, Ethereum has completed the medium- and long-term accumulation of chips, and the US spot ETF is still in the final stages of approval. Once the geopolitical situation triggers financial market turmoil, the US SEC may speed up approval to appease the market. This will form a "double catalyst" with the geopolitical conflict, driving ETH to accelerate its upward attack.
Ethereum is currently at a critical turning point in the global safe-haven capital shift. If the situation between the United States and Iran continues to escalate, coupled with the knock on the door of Ethereum chain applications and ETFs, it will push ETH to break through the technical resistance zone of 2500-2800. Once it breaks through in large volume, the next stop may be directly above the $3,000 range.
