Ethereum Futures Volume Outruns Spot 6-to-1 As Macro Stress Weighs On Crypto

Ethereum has reclaimed the $2,200 level as the broader cryptocurrency market shows signs of short-term strength following several weeks of volatility and uncertain momentum. The move higher suggests that buyers are attempting to regain control after a prolonged corrective phase, even as macroeconomic conditions continue to weigh on risk assets. Related Reading: $61.9M Ethereum Buy Sparks Speculation – Mystery Whale Turns $1M Profit Overnight However, a recent CryptoQuant report highlights that the broader environment remains fragile. According to the analysis, escalating geopolitical tensions between the United States and Iran have contributed to a sharp surge in global oil prices. Rising energy costs are adding new pressure to an already sensitive macroeconomic landscape. Recent US inflation data underscores this challenge. Core CPI came in at 2.5% year-over-year, while the Federal Reserve’s preferred inflation gauge, core PCE, registered 3.1% year-over-year, suggesting that inflation