ETH Plunges 7.54% Amid Geopolitical Tensions Despite Record ETF Inflows and Surging Trading Volume

Ethereum (ETH) experienced a sharp 7.54% price decline over the past 24 hours, falling from a 24h open of $2,736.99 to $2,530.49 on Binance. The primary driver for this drop was heightened geopolitical tensions between Israel and Iran, which triggered a broader risk-off sentiment across crypto markets and prompted a shift toward safe-haven assets. Despite recent bullish momentum—including record inflows into spot Ethereum ETFs, significant institutional acquisitions such as BlackRock's $160 million ETF purchase, and SharpLink Gaming's $463 million ETH buy—market volatility intensified, with ETH dropping below key support levels. Trading volume remained robust, with 24-hour volume estimates ranging from $27.6 billion to $34.3 billion, and Ethereum temporarily surpassing Bitcoin in trading activity. While short-term sentiment has turned bearish due to recent events, medium-term outlooks remain supported by continued institutional interest and strong derivatives activity.