#IsraelIranConflict
Ethereum Plunges 11% as $110 Million Sell-Off Collides with Iran and Israel Fears ๐ฑ๐ฅ
Ethereum dropped below $2,500 as a whale opened a $110M short position at $2,793 with 15x leverage ๐ต. The conflict between Israel and Iran sparked panic in global markets, sending oil and gold soaring ๐ข. The ETH Foundation transferred 1,000 ETH, raising concerns amid increasing liquidation pressure. Ethereum fell 11% in two days as geopolitical instability and high-leverage short positions triggered market panic. A $110 million ETH sell-off coincided with fears of a Middle East war, pushing Ethereum below $2,500๐. On-chain data showing ETH transfers from the Ethereum Foundation further unsettled traders.
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