Ethereum is back in the hot seat, and the pressure is building by the hour. ETH news points to rising market stress, while recent Ethereum price action is sending signals that seasoned traders recognize instantly.
As fear slowly creeps in, leverage is being unwound across derivatives markets, amplifying volatility and shaking confidence.Â
This shift has pushed the Ethereum price into a more dramatic phase, where sharp moves and fast liquidations dominate the narrative.
Retail traders are feeling the squeeze, institutions are reassessing risk, and both sides now face a tense standoff. With sentiment flipping quickly, Ethereum sits at a critical moment that could define its next major move.
Ethereum price jolted as geopolitical fear flips funding brutally bearish
Ethereum price news took a dark turn after geopolitical tensions between the United States and Iran injected serious macro anxiety into global markets.
According to derivatives data, derivatives traders are slamming the brakes, triggering a sharp shift toward risk-off positioning. As a result, Ethereum Price funding rates have dropped to their lowest levels since the FTX collapse, a comparison no trader wants to hear.
That change in sentiment is not subtle. Short sellers are crowding the trade, and they are willing to pay a premium to stay bearish.
On at least one major exchange, ETH Price funding fell to -0.028%, a clear sign that shorts are dominating the battlefield. When funding flips this hard, it often signals fear, forced positioning, and fragile confidence, all wrapped into one volatile setup.
Liquidations explode as Ethereum price bulls get wiped out
As fear spreads, liquidation cascades follow, and ETH Price News confirms the damage is severe. Roughly $1.1 billion worth of Ethereum positions have already been erased, while total crypto liquidations have surged to nearly $2.5 billion. This kind of flush rarely happens quietly, and Ethereum traders are scrambling to survive rather than chase upside.
At the same time, large firms like BitMine, which reportedly accumulated ETH at an average cost of $3,800, are feeling the heat.
With the ETH Price now hovering far below that level, these positions sit at unrealized losses approaching 40%. That pressure matters because it raises the risk of structural deleveraging, where forced selling feeds even more downside momentum.
Despite the pain, ETH’s Price still commands deep liquidity, which keeps the market active. Traders may be cautious, but they are not gone. Instead, they are repositioning fast, watching every tick for signs of either capitulation or relief.
Ethereum price tests critical support as volatility spikes
From a technical standpoint, the Etheteum price is testing a key support zone between $2,400 and $2,600, a range that has historically acted as a psychological anchor. Holding above this band could cool nerves and slow the sell-off, at least in the short term.
Current Ethereum price chart shows ETH trading at $2,295.31, down 8.31% in the last 24 hours, with a 24-hour trading volume of $41.9B.
However, the risk is clear. A clean breakdown below this zone could open the door to accelerated selling, especially if liquidations continue to pile up.
That sharp move confirms how fragile sentiment has become, even as trading volume explodes to $43.91 billion.