#EthereumFuture Ethereum Price Predictions:

Ethereum faces the risk of dropping to $1000 amid selling pressure from DeFi liquidations.

Today's Ethereum Price

Short-term Ethereum holders led the recent selling activity, incurring losses of over $500 million on Monday.

Increasing DeFi liquidations could accelerate Ethereum's decline and lead to further liquidations.

Ethereum could drop to $1000 if it breaks below the lower boundary of the descending channel.

Ethereum (ETH) has suffered a collapse of over 27% in the past 48 hours, briefly dropping to a two-year low of $1410 before regaining the $1500 level on Monday. According to Coinglass data, the decline triggered $257.87 million in liquidations in the Ethereum derivatives market during this period.