$ETH Here’s the latest on Ethereum (ETH):

• Current Price: ~$2,421 USD, down approximately 4.6% over the past 24 hours .

• Trading Range (24 h): Between ~$2,371 and $2,540 .

• Market Cap: Around $294 billion, solidifying its position as the #2 cryptocurrency .

• Key Factors Driving Current Movement:

• Rising geopolitical tension in the Middle East increasing selling pressure, with ~72,000 ETH inflows to exchanges recently .

• Despite the dip, long-term accumulation remains strong—over 5 million ETH added to accumulation addresses and staking now hitting ~35.1 million ETH .

Analyst outlook:

• Some short-term bearish scenarios suggest a potential drop below $2,000 (≈20%) if geopolitical and market pressures persist .

• On the bullish side, rising network growth, ETF inflows, and technical structure could spur a breakout toward $2,850–$3,000 if support holds around $2,450–$2,500 .

Summary:

• ETH is trading near $2.42 k, worried by geopolitical stresses but backed by healthy fundamental buy-side activity.

• Technical levels to watch: support at $2.37–2.45 k, resistance near $2.85–3.0 k.

• If you’re actively trading, stay alert for sharp moves—strategies may differ depending on whether you’re risk-on or risk-off.

• For long-term holders, current dips could be seen as opportunity, especially with increasing staking and adoption trends.

Would you like a deeper dive into technical charts, or info on how to buy, store, or stake ETH?