$ETH has fallen more than 10% as traders rumors have been circulating on the social media platform X, with many speculating that the #Ethereum Foundation could face a liquidation of up to $100 million if the price of Ethereum falls further and hits $1,100.

At press time, the Ethereum Foundation nor its co-founders have addressed these $100m liquidation rumors directly. However, the token has been on a downward trend. In the past week, ETH has gone down by nearly 10% in the past week and 28% in the past month.

According to data from coinectrax.com, ETH has fallen below the $2,000 threshold. It is currently down more than 10% and is trading hands at a price of $1,889. Yesterday on March 10, it fell even further down to as low as $1,754. The last time ETH fell below $2,000 was in late-2023. #Crypto #CoinectraX