Israel-Iran Driven Crypto Crash; Traders Watch if ETH Holds $2,400 and ADA Holds $0.58

• ETH and ADA have seen sharp price dips due to escalating Israel-Iran tensions.
• Ethereum has dropped 8% to test the critical $2,500-$2,400 support zone.
• Cardano has fallen below key support at $0.64 and is now eyeing the $0.58 level.

The crypto market faced a sharp sell-off on June 13, 2025, after tensions between Israel and Iran escalated. Reports confirmed Israeli airstrikes on Iranian nuclear facilities, triggering fear across global markets, and crypto wasn’t spared. The geopolitical shock led to the liquidation of over $1.14 billion worth of leveraged crypto positions in a matter of hours. Among altcoins, Ethereum (ETH) and Cardano (ADA) took some of the hardest hits.

Can Ethereum Dip Below $2000?

Right now, Ethereum is trading near $2,500. The next important support level is around $2,400, which also aligns with its 50-day moving average. If ETH can hold this support, it might bounce back toward the higher end of its trading range.

However, if weakness continues in the overall crypto market, Ethereum could drop further. The next target is around $2,000, which would mean a 19% fall from current levels. Below that, an analys…

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