Outlook for the Next Month
Scenario A: Continued Risk Aversion
If geopolitical tensions escalate (for example, a new Iranian retaliation or escalation of proxies), ETH may test the support at $2,400 and potentially drift towards $2,000.
Ongoing liquidations may further pressure prices as traders exit their positions in a volatile environment.
Scenario B: Stabilization and Relief Rally
If tensions ease—perhaps due to communication channels or reduced retaliation—a technical rebound is possible. Markets have historically recovered after the initial impact.
Watch for key resistance near $2,700–$2,800; a rebound and rejection in this zone could define the next leg of the trend.