Ethereum Price Plunge Nears MakerDAO’s $340M Liquidation Level 📉
Ethereum (ETH) has experienced an 11.5% decrease in the last 24 hours, nearing a critical liquidation point on MakerDAO. On-chain data indicates that three major positions, each valued between $109 million and $126 million, are at risk if ETH falls to $1,926, $1,842, and $1,793. ETH is currently trading at around $2,390, marking a 42% decline since December 16, driven by weakening market sentiment and declining global equities. While the potential for a bear market remains unclear, historical bull cycles have experienced 30% corrections before rebounding.
Source: www.tokenpost.com ↗
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