ETH price fluctuates and pulls back, the shift in market sentiment and its impact

Recently, ETH prices have faced downward pressure again, despite briefly breaking through $2,300, it still failed to steadily surpass the key technical level of $2,400. From a market perspective, ETH's oscillation is not just a technical adjustment, but also a direct impact of global economic and geopolitical risks on the crypto market.
First, the Federal Reserve's monetary policy is a major factor influencing ETH prices. The Fed's recent interest rate hikes have had a significant impact on the cryptocurrency market. As global economic uncertainty intensifies, investors' demand for high-risk assets has gradually declined, and ETH, as a highly volatile asset, is obviously under greater pressure. The Fed's high-interest-rate policy leads to liquidity tightening in the market, with funds flowing into more stable assets, which reduces the momentum for ETH to further increase in price.
Meanwhile, tensions between the US and Iran also bring more uncertainty to the market. Iran's military actions and threats against the US cause turmoil in the global energy markets, further intensifying risk aversion. As oil prices rise, concerns about inflation heat up again, leading funds to flow into safe-haven assets like gold and the US dollar, reducing demand for risk assets. These factors have caused capital outflows from the crypto market, further suppressing ETH's price.
Despite this, ETH still forms a strong support near $2,300. Some investors in the market remain optimistic about Ethereum's long-term prospects, especially with the advancement of Ethereum 2.0. Ethereum 2.0 will significantly improve the network's scalability and efficiency, which has a positive impact on its long-term value. Therefore, although ETH faces certain short-term pressures, from a medium- to long-term perspective, ETH still has growth potential. #Trump's protection encounters obstacles: US-Iran
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