Ethereum price today: $ 1,920
- Ethereum could trigger massive liquidations and mitigate the interest of investors for DEFI if its price falls to $ 1,000, noted a key expert.
- The sub-performance of the upper Altcoin arrives at a time when DEFI faces a backlash due to its role by helping the obscuring borle pirates of the stolen funds.
- ETH could decrease in terms of key support of $ 1,500 if it does not undergo a business takeover of more than $ 2,200.
Ethereum (ETH) won 3% on Friday, trading above $ 1,900 at the time of the press. Despite recent light gains, the best Altcoin could arouse enormous loss in the DEFI sector if it includes a downward trend and decreases around $ 1,000.
The decline of Ethereum could trigger enormous risks in defi
Ethereum is likely to arouse heavy losses in the DEFI sector if its price falls to $ 1,000, said James Toledano, chief of the farm at Unity Wallet, told FXSTREET.
“The prices of $ 1,000 is a subject of active debate in the vertical challenge,” said Toledano. “Ethereum serves as a fundamental platform for a large majority of DEFI projects, and a substantial drop in prices could lead to a decrease in the total locked value (TVL) between the DEFI protocols, reduced liquidity and a decrease in investor confidence,” he added.
Ethereum was one of the most efficient parts among the best cryptocurrencies in the past year, falling at levels visible for the last time in November 2023 following the recent cryptography market.
Since December 2024, TVL in all protocols DEFI has decreased by 30%, from around $ 130 billion to $ 90 billion, while that of Ethereum is down around 40%, from around $ 75 billion to $ 46 billion, by Defillama.
If ETH continues the downward trend, in particular with speculation of a potential bear market, it could trigger major liquidations and discourage new investments in the sector.
“Optics and perceived instability could encourage users to seek alternative platforms or delay participation in Defi Ventures, to potentially stall innovation and growth in the sector,” added Toledano.
The prediction comes at a time when DEFI is still faced with a counterpoup to help the pirates who have exploited the crypto bybit stock market for around 1.5 billion dollars of ETH to obscure funds. The attackers took advantage of the Transversal Thorchain protocol to exchange more than 70% of the stolen ETH for the BTC, with Asgardex, a Dex on the protocol, gaining costs of around $ 900,000 to facilitate most Swaps.
“Defi supporters argue that the decentralized nature of these platforms deletes them from the responsibility of the illicit activities carried out by users. Meanwhile, criticisms insist that such protocols and posts are incompatible with the law,” noted K33 research in a Friday report.
“The sanctions of the OFAC, the prosecution by the developers and the exchange delisters are all on the table while Defi comes up against a tradfi world,” they added.
Price forecasts Ethereum: $ 1,500 still on the image if ETH will not see a business recovery of more than $ 2,200
Ethereum recorded $ 21.02 million in long -term liquidations in the last 24 hours, according to Coinglass data. The total amount of long and short liquidations represented respectively $ 5.86 million and $ 15.16 million.
ETH continued his fight for directional biases in a key rectangular channel – a decision he has maintained since the drop of less than $ 2,200 and the search for support nearly $ 1,750.
ETH / USDT weekly table
Glassnode data shows that the amount of ETH bought approximately $ 1,880 has increased from 1.6 million ETH to 1.9 million ETH in recent days, strengthening the force of its nearest level of support at $ 1,750. This is also aligned with social trends, which show increased use of words like “Buy-the-Dip” and “low” since the ETH reached $ 1,800.
However, the supported failures to see a resumption of the company more than $ 2,200 have dropped to $ 1,500 in the image, especially since it marks the next major support of the rectangular channel.
The relative resistance index (RSI) is lower than its neutral level, while the Stochastic oscillator (Stoch) is in the occurrence region, indicating that the ports still dominate the ETH market. The momentum could move to the bulls if the Stoch sees a firm cross above its mobile average line.
A weekly candlestick closing above $ 2,200 will invalidate the thesis.
FAQ Ethereum
Ethereum is an open source blockchain decentralized with smart contract features. Its native currency ether (ETH) is the second largest cryptocurrency and the number one in market capitalization. The Ethereum network is adapted to the construction of cryptographic solutions such as decentralized finance (DEFI), game, non -buttons (NFT), decentralized autonomous organizations (DAO), etc.
Ethereum is a public technology of decentralized blockchain, where developers can create and deploy applications that work without the need for central authority. To facilitate this, the network uses the Solidity programming language and the Ethereum virtual machine which helps developers create and launch applications with intelligent contract functionalities.
Intelligent contracts are publicly verifiable codes which automate agreements between two or more parties. Basically, these self-executed codes of coded actions when predetermined conditions are met.
The implementation is a process of yielding your inactive cryptographic assets by locking them in a cryptographic protocol for a specified period as a means of contributing to its safety. Ethereum went from a proof consensus mechanism (POW) to a consensus mechanism for proof of appearance on September 15, 2022, in an event called “Fusion”. Fusion was a key element in the Ethereum roadmap to achieve scalability, decentralization and high -level security while remaining durable. Unlike POW, which requires the use of expensive equipment, the POS reduces the entrance barrier for validators by taking advantage of the use of cryptographic tokens as a fundamental basis of its consensual process.
Gas is the unit of measurement of the transaction costs that users pay for the realization of transactions on Ethereum. During the network congestion periods, gas can be extremely high, which means that validators prioritize transactions according to their costs.
