🔴Ethereum is under pressure again—its price has dropped below $1,800, threatening the liquidation of major positions in MakerDAO. Two key positions hold over 125,000 ETH worth $235 million, and their health factor has declined to 1.07. If the price continues to fall, automatic ETH sell-offs could accelerate the decline.
🔴The RSI has fallen into the oversold zone (24.37), while the DMI indicates a strengthening bearish trend. A break below $1,823 could push ETH down to $1,759 or lower.
🔴For a trend shift, ETH needs to rise above $1,938. For now, the market remains at risk, and large liquidations could trigger another crash.