$ETH

Ethereum (ETH) is feeling the impact of escalating conflict between Israel and Iran, with prices falling sharply to around $2,523. After reaching a high of nearly $2,770, ETH has seen a significant decline, mirroring broader crypto market sentiment as investors flee risk.

The recent selloff led to heavy liquidations in Ethereum positions, contributing to over $860 million wiped out across the crypto derivatives market. Technical support around $2,460 is now being tested, and any further geopolitical shock could drag ETH lower.

While long-term fundamentals remain strong, short-term pressure from global instability is driving sharp moves in Ethereum’s price.