ETH Price Drops 2.14% Amid $170M Liquidations as Geopolitical Tensions Shake Crypto Markets

Ethereum (ETH) experienced a sharp decline in the past 24 hours, with the price dropping 2.14% to $2,233.61 (Binance data), primarily driven by heightened market volatility following confirmed U.S. military strikes on Iranian nuclear facilities. This geopolitical event triggered over $170 million in Ethereum liquidations within one hour and contributed to more than $370 million in total crypto market liquidations, intensifying downward pressure across digital assets. Despite the recent sell-off and a weekly low near $2,400, ETH remains the second-largest cryptocurrency by market capitalization, with a 24-hour trading volume of approximately $24.9 billion and a circulating supply of 120.72 million coins. Current sentiment is cautious, but notable whale and institutional accumulation during the dip suggests ongoing interest and potential for a rebound if key technical levels are reclaimed.