Despite talks of Ethereum’s (ETH) potential all-time high and its recent price surge towards $4,780, a concerning downturn has triggered concerns from analysts. 📈📉 This drop, which saw ETH fall to $4,280, wiped out billions in long positions, but the danger might not be over yet. 🤔 Mechanism Capital founder Andrew Kang warns of potential losses reaching up to $5 billion if ETH prices continue to decline. 💥 Kang predicts a significant price drop if this happens. He states that the liquidations on exchanges could reach up to $5 billion. 💰 This would lower his predicted ETH price range down to $3,200-$3,600. 📉 📈 As Ethereum and the cryptocurrency market overall experience volatility, analysts point to $4,000 as a crucial support level for ETH. If ETH holds above this level, it may signal stability. However, breaking through this support level could lead to one of the largest liquidation waves of the year, impacting the market significantly. Remember: This is not financial advice. ⚠️ Read more to get a deeper understanding of this situation.