ETH Climbs 4% Even as Geopolitical Tensions in Middle East Intensify

Ethereum Tops $2,600 as Market Shakes Off War Fears, Institutional Inflows Climb

Ether (ETH) surged above $2,600 early Monday, as traders looked past Middle East tensions and piled into risk assets, buoyed by strong fund inflows and improving sentiment.

The world’s second-largest cryptocurrency rose nearly 4% over the past 24 hours, hitting a high of $2,636.76 before cooling slightly to $2,614. The move came amid a broader rally in global equities, even as Israel warned of consequences following a renewed missile exchange with Iran.

Unlike previous sell-offs driven by geopolitical shocks, markets showed resilience. Tel Aviv stocks gained, gold retreated from recent highs, and both U.S. and European equity futures turned green. Analysts suggested investors are pricing in a contained conflict rather than full-scale escalation.

In crypto, Ethereum was among the standout performers. Institutional interest in ETH is intensifying. According to CoinShares, ETH-focused investment products took in $583 million last week — the largest inflow since February — bringing the nine-week total to $2 billion. That figure now accounts for 14% of all assets held in Ethereum-linked funds.

Open interest in Ether futures has also spiked, with over 13.89 million ETH worth around $36.3 billion now tied up in leveraged bets, CoinGlass data shows. This points to growing appetite among sophisticated traders anticipating further price appreciation.

Technical Picture:

ETH climbed from $2,510.10 to $2,636.76 in under 24 hours — a 5% move.
Key resistance at $2,550 was broken early Monday on rising volume.
Support appears to be forming at $2,575 after heavy buying during the 05:00 GMT candle.
Volume and price strength continued through the morning, with ETH consolidating in an ascending triangle between $2,627 and $2,630 — a pattern that often precedes breakouts.
Minor pullbacks were quickly bought, with the latest move suggesting bullish continuation is likely.

While risks remain, Ethereum’s performance shows that investors are once again willing to embrace risk — and they’re betting ETH will lead the charge.