Ethereum Approaches $4,000: Liquidation Risks Loom

Concerns over potential market instability are mounting as Ethereum (ETH) prices approach the crucial $4,200 mark. If this threshold is breached, an estimated $1.19 billion in leveraged positions could be liquidated, potentially impacting both decentralized and centralized exchanges significantly. 🤔 This rise, coupled with ETH’s recent dip below $4,200, has raised concerns amongst traders and within the DeFi ecosystem. 👀