
Jakarta, Pintu News – Ethereum experienced a sharp decline after news of the United States’ attack on Iran’s nuclear facilities shook global markets. Losing critical support at the $2,320 level, Ethereum (ETH) is now under immense pressure.
This drop triggered a broad sell-off in the crypto market, signaling a significant shift in sentiment among investors. With increased volatility and shaky confidence, traders now have to navigate increased risk amid the heated conflicts in the Middle East.

According to leading analyst, Big Cheds, the weekly chart of Ethereum (ETH) shows a possible completion of the spire pattern, which is a bearish reversal structure. If this pattern is confirmed, Ethereum (ETH) may experience further declines. Investors and traders are now closely watching whether Ethereum (ETH) can hold new support levels or risk a deeper decline in fragile market conditions.
Read More: Crypto Market Crisis: The Impact of US Attack on Iran on Bitcoin and Ethereum!

The attack by the United States on Iran’s nuclear facilities has created a volatile environment, affecting risky assets like Ethereum (ETH). The more than 22% drop from its peak in early June shows how quickly market sentiment can change.
Although Ethereum (ETH) is still the main focus of investors, losing control of the key support zone has reduced confidence in a short-term recovery. Analysts are divided in their predictions, some seeing a deeper drop towards the $2,000 region, while others are hoping for a quick recovery.
With the market constantly fluctuating, the next move of Ethereum (ETH) will largely determine the direction of the altcoin market ahead of July. If buyers step in at this critical moment, recovery from this structure could be imminent. However, until Ethereum (ETH) can reclaim $2,320 and stabilize above its moving average, the risk of a further decline remains high. Market participants should stay alert for volume shifts or bullish divergences that may signal a change in trend.
With constantly changing conditions, the future of Ethereum (ETH) remains uncertain. Investors and traders should carefully consider risks and prepare for possible scenarios. Keeping up with the latest developments and analyzing market trends will be crucial in making the right investment decisions amid continued global uncertainty.
Also Read: Sharp ADA Decline Amid Geopolitical Tensions, What’s the Impact? (23/6/25)
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