Ethereum Drops Below $1,550 As $547M DeFi Liquidation Risk Builds
Ethereum fell below $1,550 on Saturday as the broader crypto selloff pushed leveraged DeFi positions into forced-liquidation territory. ETH dropped from around $1,770 to an intraday low near $1,544 before attempting to stabilize near the mid-$1,500 range. The move came as Bitcoin briefly fell below $60,000, adding pressure across major altcoins and forcing traders to reassess downside levels that looked distant only days ago. The latest decline comes as traders continue monitoring broader weakness across the Ethereum market.