Ethereum price movements remain closely tied to global macro developments, particularly geopolitical tensions involving Donald Trump and ongoing conflict in the Middle East. These factors have contributed to increased volatility and a surge in derivatives activity.

Recent data showed over $1 billion in futures sell volume within a short period, reflecting heightened market reaction to external events. Despite this, Ethereum continues to trade near resistance, with the next directional move likely dependent on whether price breaks above $2,150 or loses support near $1,900.