If Ethereum drops to a thousand: DeFi faces a catastrophic disaster!

Ethereum is currently at $1920, up 3% in the last 24 hours, taking a breath, but shadows loom! Experts warn: if ETH crashes to $1000, DeFi will face a tremendous catastrophe. James Tolerado, Chief Operating Officer of Unity Wallet, bluntly stated: "Ethereum is the lifeblood of DeFi, a price halving will trigger a wave of liquidations, TVL will plummet, liquidity will drain, and investors' confidence will vanish!" Data shows that since December last year, the total TVL of DeFi has shrunk from 130 billion to 90 billion, with Ethereum's TVL plummeting by 40% to 46 billion. If a bear market strikes, how much longer can this 'king of altcoins' hold up? Are you brave enough to bet it won't break the bottom?

DeFi stain threat: A trust crisis hidden beneath hacking

DeFi is further troubled, mired in controversy. Bybit exchange was hacked, with 1.5 billion ETH stolen, 70% converted to BTC through THORChain, and DEX Asgardex pocketing 900,000 in fees. Supporters cry foul, "decentralization bears no responsibility," while critics angrily denounce it as a "lawless land"! K33 Research warns: OFAC sanctions, foreign exchange lawsuits, and exchange delistings are like arrows on the string. Tolerado sighs: "The feeling of instability will scare away users, innovation intimidates." If Ethereum drops again, DeFi may not only bleed but also lose its soul. Do you still believe this ecosystem can be reborn from the ashes?

Technical threshold: $2200 holds, $1500 sees the bottom?

ETH is struggling within the $1750-$2200 channel, with $21.02 million traded in Seattle in the last 24 hours, and shorts dominating. Glassnode shows that buying near $1880 has increased to 1.9 million ETH, with $1750 support as hard as iron. But if it cannot break through $2200, $1500 support will become the next battleground! RSI is sluggish, Stoch is oversold, and shorts are rampant; unless Stoch crosses in foreign exchange, the downtrend will be hard to stop. If the weekly closes above $2200, then the shorts can be considered finished. Will you buy the dip, or wait quietly for the crash? The situation has reached the edge of the cliff!