$ETH Ethereum risks falling to $1,000 as liquidations loom, with $342 million ready to be wiped out.

The total value locked (TVL) of ETH has fallen by 43% since December, indicating a decrease in user confidence and reduced engagement with DeFi.

Bearish technicians and a 70% drop from all-time highs suggest downward momentum, although $1,749 is key for a possible recovery.