#tradingnews $ETH

Ethereum ($ETH) recently saw a sharp price drop of around 7% as geopolitical tensions pushed investors toward safe-haven assets like USD and gold, causing ETF inflows to reverse after a strong 19-day streak. Despite this, whale wallets have started accumulating ETH at lower levels, signaling potential confidence in a rebound. Meanwhile, futures open interest has surged to an all-time high, suggesting growing trader interest but also raising volatility risks. ETH currently trades near key support around $2,550–$2,700, with a potential bounce toward $3,000 if positive momentum returns.