Ethereum is edging higher near $2,119, recovering modestly after a turbulent stretch in which ETH lost the $2,150 level and fell roughly 8% over the prior week amid a macro-driven risk-off selloff. The pullback was fueled by surging oil prices (Brent above $111), U.S.-Iran geopolitical tensions, $657M+ in crypto liquidations, and heavy ETF outflows — yet Fundstrat's Tom Lee called the dip a buying opportunity, Bitmine aggressively accumulated ETH targeting 5% of circulating supply, and institutional sentiment is being bolstered by the CLARITY Act advancing to the full Senate, the SEC preparing a tokenized securities framework, and Standard Chartered forecasting $4T in on-chain tokenized assets by 2028.