Ethereum Under Siege: Geopolitical Tensions Trigger Mass Exodus
Markets flinch as ETH holders rush for exits—because nothing says ''safe haven'' like panic-selling digital assets during a crisis.
The domino effect: Bitcoin''s slump drags altcoins down, but Ethereum takes the hardest hit as traders ditch risk.
Institutional whiplash: Hedge funds that piled into ETH during the last rally now offload positions faster than a VC dumping pre-IPO tokens.
Silver lining? On-chain data shows sharks accumulating at these levels—because when Wall Street zigzags, crypto degens double down.
Funny how ''uncorrelated assets'' always correlate perfectly when missiles fly. Maybe next time, hedge with gold—or at least memecoins.
XRP Network Activity Soars as ETF Speculation Gains Steam
Momentum indicators further support the negative outlook. Ethereum’s Balance of Power (BoP) has turned sharply negative, registering a value of -0.69. This suggests that sellers are dominating and that buying demand remains weak.
Currently, ETH is trading just above a key support level near $2,424. If downward pressure continues, the next likely target could be in the $2,027 range. However, if sentiment improves and buying interest picks up, ethereum might recover and test resistance around $2,745.
