Ethereum Dips 11%, Fears of Geopolitical Fallout Test Key Support

Ethereum’s price has experienced a significant decline, dropping 11% over the past two days. This comes amid escalating geopolitical tensions between Israel and Iran, which have triggered market uncertainty across global financial markets, including cryptocurrencies. The major support area for Ethereum currently sits around $2,350-$2,450, marking a critical level that could influence the near-term price trend. Analysts are closely watching this support, as any break below it could signal further downside pressure on the asset.