The price of Ethereum (ETH) today is approximately $2,525, a decrease of about -8.7% over the last 24 hours according to reports from CoinMarketCap and CoinDesk.

This decline is primarily due to geopolitical tensions in the Middle East, such as the rising tensions between Israel and Iran, which have negatively impacted the cryptocurrency market and resulted in ETH dropping by more than 10%.

These movements are also accompanied by the expiration of massive options worth over $600 million, which has increased market volatility.

Despite these pressures, many analysts continue to view Ethereum as "digital oil," and it may be within a potential long-term upward trend.