$ETH faced a bearish outlook today, trading around $2,400 after a 2.32% decline, driven by a broader crypto market sell-off amid geopolitical tensions from U.S. airstrikes on Iran. A massive transfer of 129,392 ETH ($312 million) to Coinbase sparked sell-off fears, though whales accumulated $263.5 million in ETH during the dip, signaling confidence in a potential 25% rebound to $2,735. Ethereum’s network showed strength, with over 35 million ETH staked, a new all-time high, and nearly 1 million new addresses created weekly, bolstered by the U.S. Senate’s GENIUS Act supporting stablecoins. However, a “death cross” on ETH’s two-week chart, the first since 2022, warned of possible further declines, potentially to $2,000, unless key support levels hold. Institutional interest remained strong, with Bit Digital shifting from Bitcoin mining to Ethereum staking, raising $150 million to buy more ETH, while SharpLink Gaming added 12,207 ETH to its treasury, now holding $470 million in ETH.