Ethereum’s price climbed to $2,491 this morning as it begins to recover from the downturn triggered by recent U.S. airstrikes on Iranian targets. Despite this rebound, ETH is still down 4% over the past week and 13% over the last two weeks, with Middle East tensions and uncertainty around tariffs continuing to pressure altcoin markets. However, a major investor—who has bought $422 million worth of ETH in the past three weeks—signals potential for a turnaround. This could position Ethereum for a strong and sustained recovery, and with its solid fundamentals, the long-term outlook for ETH remains optimistic.

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