Ethereum

ETH is leading the crypto recovery cycle off its early-2026 lows, with spot ETF inflows and improving macro (softer CPI) providing the fuel — but U.S.-Iran military escalation remains the single biggest near-term risk to sustaining momentum above $1,900.

ETH is reclaiming the $1,900 psychological level on the back of $105M in spot ETF inflows, a softer-than-expected US CPI print, and ETH outperforming BTC on a week-over-week basis — a historically bullish rotation signal.

Main Risk

U.S.-Iran military escalation (ongoing airstrikes)

Six consecutive days of U.S. airstrikes on Iranian targets have already pulled ETH back from $1,940+ levels; a further escalation or Iranian retaliation could trigger a sharp risk-off move back toward the $1,750–$1,800 support band.