Recently, the price of Ethereum $ETH has been steadily rising, but market risks are rapidly escalating. The geopolitical situation has worsened again, particularly with the intensifying conflicts in the Middle East, which are quickly igniting global risk-averse sentiment. The tense atmosphere in the financial markets has begun to spread to the cryptocurrency sector, especially for assets like Ethereum that are highly liquid and sensitive to risk, which could face significant sell-offs at any moment.

Technically, Ethereum has been in the overbought zone for several consecutive days, yet trading volume has not shown significant expansion, indicating that upward momentum is waning. Once cracks appear in market confidence, profit-taking will trigger a chain reaction. Some long-term funds are quietly withdrawing, and this 'undercurrent' is often a precursor to a sharp decline.

Moreover, the cryptocurrency market's ability to withstand macro and political risks is already limited. If the situation in the Middle East escalates further, the risk of funds flowing out of risk assets into gold and the dollar as safe havens cannot be ruled out. Ethereum is currently at a historically relatively high level, and any slight movement could become the last straw that breaks the market.

Investors should remain highly vigilant and respond cautiously to the current unstable situation. In the face of ongoing negative news, blind optimism will be extremely dangerous. At this moment, a solid defense is far more crucial than chasing high profits.