Over the past 48 hours, global attention has been fixed on the Strait of Hormuz. Trump has issued an ultimatum, threatening to bomb power plants, while Iran has responded by vowing to completely blockade the energy lifeline. What does this level of geopolitical conflict mean for Ethereum (ETH)?

📉 Recent Price Action Analysis: Panic-Driven Volatility
Affected by war expectations, ETH has recently shown significant volatility.

Risk-Off Capital Reflow: In the short term, some funds may flow toward the U.S. dollar or gold. As a representative risk asset, ETH experienced a volume-driven selloff immediately after the news broke.

Energy Cost Pressure: War threats have caused oil prices to soar. Although Ethereum has transitioned to PoS mechanism and no longer relies on power-intensive mining, the rising global inflation expectations will suppress liquidity in risk markets (Fed rate cut expectations may be blocked).

Treasury Secretary Bessent mentioned "50 days of price increases for 50 years of peace." This means depreciation pressure on fiat currency will increase significantly. Once panic subsides, ETH's value as a "decentralized settlement layer" will re-emerge, and it will likely see a catch-up rally driven by inflation expectations.
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