#IsraelIranConflict The conflict between Israel and Iran can affect the cryptocurrency market, including Ethereum (ETH). Here are some reasons for the decline in ETH value:

- *Global Risk Sentiment*: Geopolitical conflicts increase global risk sentiment, causing investors to be more cautious and likely to sell riskier assets like cryptocurrencies.

- *Mass Liquidation*: Geopolitical uncertainty can trigger mass liquidation in the cryptocurrency market. For example, in April 2024, Iran's attack on Israel caused liquidations of approximately $1.5 billion in cryptocurrency.

- *Investors Seeking Safe Assets*: In times of uncertainty, investors tend to seek safer assets like the US dollar or bonds, thereby reducing the demand for cryptocurrencies.

- *Global Economic Uncertainty*: Conflicts can exacerbate global economic uncertainty, which impacts the decline in cryptocurrency value.

Currently, the price of Ethereum (ETH) is around $2,514.70 with a decrease of about 8.64% in the last 24 hours ¹.