Ethereum Price Plunge Raises Concerns of Liquidations & Investor Adjustments

The Ethereum price has experienced a significant downturn, dropping approximately 11.5% over the past 24 hours, according to recent market data. This decline is raising concerns about potential liquidation risks, particularly on MakerDAO, where collateralized debt positions have seen a potential $340 million in at-risk exposure. On-chain indicators suggest that further price drops could trigger substantial liquidations if ETH prices fall below certain levels (around $1,926, $1,842 or $1,793).