Ethereum Faces $1.8 Billion Mass Liquidation: "Further Declines Possible"

# Ethereum Plunges Below $2,000, Testing Critical Support Levels Ethereum (ETH) has recently dropped below the $2,000 mark, sinking to as low as $1,750. This represents a 57% decline from its December peak of $4,100. According to on-chain data analysis firm Glassnode, as of the 11th (local time), Ethereum is currently testing major support levels between $1,800 and $2,000. A break below this range could signal further declines. Ethereum, which had been trading in the high $2,000s, has been in a downward trend since the end of last month. It briefly touched the $1,700 range yesterday morning. Ali Martinez, a digital asset analyst, warned that Ethereum could fall to $1,440 if it fails to maintain its support levels. The broader digital asset market has been significantly impacted by concerns over the U.S.-China trade war and policy uncertainties under President Trump, leading to a stark decline in investor sentiment. Market instability has increased selling pressure, resulting in a large-scale liquidation of $1.8 billion (approximately KRW 2.6152 trillion) in Ethereum. This is the largest net outflow since 2022, driven by investors' growing propensity to sell. As of 1:45 PM (local time) on the 12th, Ethereum was trading at $1,859.04 on CoinMarketCap, down 0.51% from 24 hours earlier. On domestic exchange Upbit, it was trading at KRW 2,766,000 at the same time.