Ethereum's network activity continues expanding at near-record levels despite the cryptocurrency dropping 3.5% over the past 24 hours to around $2,047. The decline came amid broader market volatility triggered by geopolitical tensions and President Donald Trump's remarks on Iran.
The price weakness affected crypto, equity, and oil markets broadly, with Ethereum feeling the impact alongside other risk assets. ETH's drop brought it to approximately $2,047, continuing recent pressure on the world's second-largest cryptocurrency.