$ETH was showing strong momentum, with signs of a breakout until geopolitical headlines shifted market sentiment.

The recent Israel-Iran conflict disrupted risk assets, and ETH now looks like a failed breakout, returning to a range-bound pattern.

Key levels to watch:

- Support near $2,480 (where it briefly bounced)

- Resistance around $2,750 (top of the range)

A clean break above $2,750 could reignite bullish momentum and set up a move toward all-time highs.

Until then, price action between those levels is likely just noise.