Ethereum experienced a sharp selloff in June 2026 as multiple macroeconomic and geopolitical pressures weighed on broader crypto market sentiment. Key factors behind the decline include escalating US–Iran tensions, heightened geopolitical risk, a more hawkish stance from the Federal Reserve, and notable outflows from spot crypto exchange-traded funds. Together, these forces have increased uncertainty across both institutional and retail market participants. However, the macroeconomic conditions are improving, with Ethereum now approaching the $1,800 level after adding nearly 3% to its value in the last 24 hours. Middle East deal bolsters cryptocurrencies The primary catalyst behind Ethereum’s rally over the last 24 hours is the US-Iran deal.
Source: Read the original article
