$ETH Ethereum Price Predictions:

Ethereum is at risk of falling 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.

The increasing DeFi liquidations could accelerate Ethereum's decline and result in further liquidations.

Ethereum could drop to $1000 if it breaks below the support level of a descending channel.

Ethereum (ETH) has experienced a collapse of over 27% in the past 48 hours, briefly falling 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.