Ethereum fell 2.3% over 24 hours to roughly $2,414, briefly trading below $2,400 after retreating from the $2,480 area. The decline came as renewed fighting between the United States and Iran pushed investors away from risk assets, with Brent crude rising above $95 a barrel, the 10-year Treasury yield reaching about 4.81% and the dollar index climbing to its highest level since Aug. 17. Reuters said traders were pricing a roughly 68% probability of a Federal Reserve rate increase in September. Ether is down 2.1% over seven days but remains up 26.6% over 14 days and 29.6% over the past month. Bitcoin also fell below $77,000, while Solana, XRP and other major cryptocurrencies declined, indicating a broader market sell-off rather than an Ethereum-specific move. A whale holding 167,855 ETH worth about $408 million transferred 70,739 ETH valued at $174 million to exchanges and retained roughly 97,115 ETH. Spot Ethereum ETF inflows declined from $234.5 million on Aug. 27 to $102.2 million and about $87.7 million by Aug. 31, while the Coinbase Premium Index turned negative near -0.014. Exchange reserves remain lower at 14.92 million ETH versus roughly 16.9 million in January, and August ETF inflows more than offset redemptions from January through July. Technically, Ether must reclaim the $2,446 Keltner midpoint to target $2,480 and the $2,500-$2,511 area, while a break below $2,400 could expose $2,380 and the $2,370-$2,375 liquidation cluster.