Foreign media commentators believe that after Ethereum recently fell to around $1600, the market has begun to reconsider buying at lower levels. ETH briefly dipped to $1522 on June 6th before rebounding above $1600. The article attributes this rebound in part to Trump's statements regarding pushing for a peace agreement between Iran and Israel.
After a sharp drop, it rebounded above $1600.
As of press time, ETH was trading at $1647, a slight recovery from its previous low, but still significantly below its previous high. The article noted that ETH reached $4946.05 last August, driven by ETF buying and corporate allocation demand.
Entering October 2025, escalating macroeconomic uncertainties and geopolitical tensions have put pressure on the overall crypto market. In recent weeks, inflation data, employment data, and the situation in the Middle East have further dragged down risk assets, causing ETH to fall back to the $1,500 range.
The bullish reasons are concentrated in ETFs and DeFi.
The article argues that the current reasons for supporting ETH are mainly twofold: first, Ethereum remains one of the most actively developed public blockchains; and second, its dominant position in the DeFi field remains solid. If the macroeconomic environment improves in the second half of the year and ETF inflows strengthen again, the price of ETH has the potential to return to the $3,000 level.
However, this part represents opinions and judgments, not actual market results. The original article did not provide new ETF fund flow data or more on-chain indicators; it mainly extrapolated the potential for future recovery based on historical performance and ecosystem position.
The situation in the Middle East remains a major risk.
The article also notes that the crypto market remains in a high-volatility phase, and it's unclear whether the trend has reversed. A renewed escalation of conflict in the Middle East could put renewed pressure on the market; continued inflation and employment data could also limit the sustainability of the ETH rebound.
Overall, the core judgment of this article is that ETH has reignited discussions about low-level allocation after a significant pullback, but its short-term trend still depends on whether the geopolitical situation and macroeconomic data continue to improve.
