• Ethereum fell below US$1,800 as Middle East tensions pushed investors away from risk assets.
• Charts still point to a possible move toward US$2,140 if resistance breaks.
• Holding above US$1,750 remains critical for the current recovery.

Ethereum (CRYPTO:ETH) fell below US$1,800 after renewed conflict between the United States and Iran increased pressure on global financial markets.

Oil prices rose above US$74 a barrel, while investors moved into safer assets, weighing on cryptocurrencies and other higher-risk investments.

“I’m going LONG on Ethereum $ETH if it breaks $1,850,” crypto analyst Ali Martinez said.

Charts still suggest Ethereum could rise toward US$2,140 if it breaks above the US$1,825 to US$1,850 resistance zone.

Analysts said…