Can Ethereum Drop Below $3K? Liquidations Spike as ETH Tanks
Ethereum is sliding rapidly, with over $1.2 billion in liquidations recorded amid accelerating ETF outflows. The move has been amplified by a sudden shift in macro expectations — markets are dialing back bets on rate cuts, which has reduced risk appetite and forced leveraged positions to unwind more aggressively.
Technically, the RSI hasn't reached deeply oversold levels, suggesting there may be further downside toward roughly $2,700 before a credible relief bounce. That potential drop matters because another leg lower could trigger more margin calls, widen real-world outflows from ETFs, and increase short-term volatility — factors traders and holders should monitor closely for risk management and position sizing.