Crypto Market Sentiment Remains Weak Amid US-Iran War Uncertainty

The cryptocurrency market is sending mixed signals on Tuesday, with some coins like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) cooling down.

This trend is largely attributed to the ongoing US-Iran war and associated macroeconomic uncertainty, which has weighed heavily on global markets. Oil prices remain elevated above $103 for West Texas Intermediate (WTI), and US President Donald Trump has warned of a potential escalation of the war if Iran does not make a deal or open the Strait of Hormuz by Tuesday evening.

Ethereum is trading above the $2,100 support level, but its near-term bias remains neutral. The 50-day EMA around $2,144 flattens just above spot and aligns with this indecisive tone. Momentum signals are balanced, with the RSI hovering close to 52 on the daily chart and the MACD line sitting modestly above its signal.