Ethereum Price Plummets Below $1,800 Amid US-Iran Tensions

Ethereum's price fell below $1,800 due to increased pressure on global financial markets stemming from renewed conflict between the United States and Iran.

The US-Iran tensions caused investors to move towards safer assets, leading to a rise in oil prices above $74 a barrel.

Crypto analyst Ali Martinez believes Ethereum could break through resistance at $1,825-$1,850 if it holds above $1,750.

If that happens, Ethereum might move towards $2,140, according to charts. However, analysts warn that falling below $1,750 could lead to a decline to $1,700 and then $1,505.