$ETH has dropped 6% in the past 24 hours, at the same time that US bombed Iran. Not sure whether this is the main cause or pure coincidence.
The event (US bomb Iran) does not affect the most important aspect for price prediction: liquidity. Previously, crypto market always rebound by the same amount 1 to 2 days later. If history repeats itself, ETH will soon bounce back by 6% in the next trading session.
Investors are watching closely for signs of stabilization, particularly as institutional interest and ETF-related flows continue to support long-term bullish momentum. Short-term volatility remains, but recovery looks likely.