<ul data-eligibleForWebStory="true"><li>Ethereum faced a setback in crossing the $3,000 mark after global tensions escalated due to Israel's airstrike against Iran.</li><li>The cryptocurrency market, including Ethereum, experienced a fresh wave of downward pressure following the geopolitical tensions.</li><li>On-chain analyst Amr Taha highlighted a decline in Ethereum Open Interest (OI) on Binance, signaling a bearish sentiment.</li><li>The drop in OI suggests panic-induced selling as investors exited long positions amidst fear of deeper losses.</li><li>The decrease in Ethereum OI coincided with a significant Bitcoin outflow from Coinbase, indicating potential strategic repositioning by large investors.</li><li>The outflow of Bitcoin from exchanges suggests a shift in capital from Ethereum back to Bitcoin, impacting the ETH price negatively.</li><li>Ethereum's price currently stands at around $2,546, reflecting a nearly 4% decline in the past 24 hours.</li></ul>

Investors Are Fleeing Ethereum, On‑Chain Numbers Reveal

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