Ethereum surged to 2350 intraday before falling sharply, touching a low of 2070. Currently, it is consolidating around 2150. The rapid decline during the session was mainly influenced by escalating geopolitical risks: rumors of renewed tensions between the US and Iran triggered risk-off selling in the crypto market. Subsequently, during the early morning hours, the market quickly rebounded, recovering some losses, driven by news that former US President Trump signed a key bill, easing the government shutdown crisis and prompting some cautious funds to re-enter risk assets.