Ethereum News: Potential Price Decline to $1,000 Poses Risks to DeFi Sector

Recent developments in the Ethereum (ETH) market have raised concerns among investors and experts, with a potential price decline to $1,000 posing significant risks to the decentralized finance (DeFi) sector.

Ethereum Price Forecast: DeFi Sector Faces Risks if ETH Declines to $1,000

Ethereum (ETH) could trigger massive liquidations and dampen investors’ interest in DeFi if its price falls to $1,000. A key expert noted that ETH’s decline could pose significant risks to the DeFi sector. The top altcoin’s underperformance comes at a time when DeFi is facing backlash due to its role in helping Bybit hackers obfuscate stolen funds. ETH could decline to the $1,500 key support level if it fails to sustain a firm recovery above $2,200. Despite gaining 3% on Friday and trading above $1,900, the top altcoin still faces the risk of sparking a huge loss in the DeFi sector if it resumes a bearish trend.

Ethereum Consolidates After Heavy Selling Pressure

Ethereum (ETH) has been trading in a tight range between $1,750 and $1,900 following days of heavy selling pressure. The broader crypto market remains stressed, with fear dominant and preventing ETH from regaining momentum. The downturn is attributed to macroeconomic uncertainty and escalating trade war fears, impacting both crypto and U.S. stock markets. Some analysts remain optimistic about a potential recovery in the coming months if technical indicators show strength.

Ethereum’s Pectra Upgrade Expected to Boost ETH Price

US President Donald Trump’s Bitcoin Reserve and crypto summit failed to impact the market and ETH price. Attention has shifted to the Ethereum Pectra upgrade, a combination of the Prague and Electra updates, which could trigger an ETH price surge. Meanwhile, FloppyPepe (FPPE), an AI token, has raised nearly $1 million in a private round and its presale has already surpassed the one million mark.

Ethereum FUD Spikes On Social Media After 13% Price Drop: Bottom Signal?

Data shows the sentiment around Ethereum (ETH) has recently soured on social media, which could potentially help the coin reverse its price. According to analytics firm Santiment, traders on social media have become bearish toward Ethereum following a price drop. The Positive/Negative Sentiment indicator, which filters posts mentioning the asset and determines their sentiment using a machine-learning model, has declined recently.