Ethereum network activity remains in a state of flux as traders pivot toward defensive positioning following the massive $285 million exploit on the Solana-based Drift Protocol.
Ethereum's sub-$2,000 valuation signals a critical liquidity crunch in DeFi protocols that threatens to trigger a cascade of liquidations if the $1,900 support level is breached.
Ethereum's price floor is buckling under sustained selling pressure as ETH trades at $1,987, triggering a cascade of liquidations across major DeFi lending protocols.
Ethereum's struggle to hold the $2,000 psychological level as it trades at $1,987 triggers a cascade of liquidations across major DeFi lending protocols.