{"id":2763,"date":"2025-04-08T13:59:00","date_gmt":"2025-04-08T12:59:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=2763"},"modified":"2025-04-08T13:46:02","modified_gmt":"2025-04-08T12:46:02","slug":"ethereum-falls-under-1550-time-to-buy-the-dip","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/ethereum-falls-under-1550-time-to-buy-the-dip\/","title":{"rendered":"Ethereum falls under $1,550 : Time to buy the dip ?"},"content":{"rendered":"\n

Ethereum Drops Nearly 20% in One Day<\/h2>\n\n\n\n

Ethereum (ETH<\/a>)<\/strong> is currently going through a tough time. The cryptocurrency has indeed fallen by almost 20%<\/strong> in the last 48 hours, reaching a low of $1,476<\/strong>. This price level has not been seen since March 2023<\/strong>, over a year ago.<\/p>\n\n\n

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Source: CoinMarketCap<\/figcaption><\/figure>\n<\/div>\n\n\n

This abrupt correction<\/strong> comes amid macroeconomic tensions, including new customs duties imposed by the Trump<\/strong> administration, weighing heavily on the entire crypto market. In the last 24 hours, a staggering $400 million worth of Ethereum positions were liquidated, according to Coinglass<\/em> data. “Bull” traders<\/a> were the most affected, with $341 million in losses<\/strong>.<\/p>\n\n\n\n

Maker Validator Suffers Heavy Loss<\/h2>\n\n\n\n

Among the most emblematic victims of this debacle is a whale <\/a>investor who experienced a monumental loss<\/strong>. As per Lookonchain<\/em> reports, this trader had taken a substantial loan on the DeFi Maker platform (formerly Sky). However, when the Ethereum price collapsed, the system automatically sold the 67,570 ETH<\/strong> (over $100 million) held as collateral to repay the debt.<\/p>\n\n\n\n

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As $ETH<\/a> plummeted, the 67,570 $ETH<\/a>($106M) held by this whale on #Maker<\/a> was liquidated!https:\/\/t.co\/kXSkKh1H0P<\/a> pic.twitter.com\/IDjzbQ8P3z<\/a><\/p>— Lookonchain (@lookonchain) April 7, 2025<\/a><\/blockquote>