Ethereum

Research Brief · 31 May 2026 Through research on the following hot topics: US Treasury seized $1B in crypto from Iran, FinEx liquidating frozen Russian funds, Gravity Bridge hacked for $5.4M in ETH, and ETH dominance at 9.5% with price around $2,012 amid extreme fear. Market sentiment is shaky with Bitcoin ETFs seeing red for three weeks straight. My take: The Iran confiscation and Gravity Bridge hack are rattling confidence, but ETH's low dominance suggests it's undervalued relative to BTC. The FinEx liquidation adds regulatory uncertainty for Russian holders. I predict ETH will test $1,900 support soon, but a recovery above $2,100 could trigger a relief rally if ETF flows turn green. Public sentiment is fearful and cautious, with many expecting further downside before any bounce.