The worsening situation in the Middle East has driven oil prices soaring to a six-week high. Brent crude is at $94.07 and WTI is at $86.83. The rise in oil prices directly boosts inflation expectations; the market worries that the Federal Reserve may be forced to extend the high-interest-rate environment, putting pressure on risk assets. Ethereum appears to have entered a stage where it can be gradually positioned for short selling.

BZ2.52%
ETH-2.33%
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