What’s Driving $ETH Right Now?
Geopolitical Flight from Risk: Ethereum plunged around 7–15% mid‑June after Israel’s strike on Iran triggered global risk‑off sentiment, pushing investors into safe havens like gold and the U.S. dollar.
#IsraelIranConflict Technical Breakdown: ETH briefly broke key support zones ($2,770 → $2,500), retracing into its May–June trading range, confirming bearish pressure ainvest.com.
#MarketRebound Short‑term Bounce: Despite the drop, ETH has bounced near $2,550 area (current ~$2,613), finding temporary footing above its 200‑day EMA.
🔎 Bottom Line :
Short term (next days): Uncertain. A bounce is possible if calm sets in, but geopolitics are the wild card.
Medium term: Watch key levels—if ETH holds above ~$2,550–$2,600 and breaks above ~$2,650, it may start a recovery phase.
Long term: Ethereum’s resilience over time depends on geopolitical stability, macro conditions, and ongoing crypto adoption.
📌 What to Do?
Holding ETH already? Good risk management is key—consider trimming if volatility spikes or hold through consolidation.
Looking to buy? Some view dips near $2,500–$2,550 as a buying opportunity—but only if you're comfortable with potential further dips.