The price of Ethereum (ETH) is currently uncertain and is causing potential consequences for whale investors. One notable whale on the Maker platform holds a large amount of Ethereum worth $135.8 million and is at risk of liquidating their investment due to the current market conditions. The price of Ethereum is currently at $2,034.29 with a daily decrease of 2.81%. The downward trend has resulted in a 3.61% decrease in the total value of Ethereum. However, there are signs of a possible price recovery, with technical indicators suggesting that Ethereum may rebound from a key support level at around $2,095 and potentially reach $2,700. Despite this, there is a declining price channel and if the price of Ethereum falls below $1,931.83, it could trigger severe consequences and lead to further price declines and liquidations. This could impact the tightly connected DeFi network.



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