币界网报道：Ethereum's price plunged over 30% to $1,800 amid a broader crypto market selloff, marking its steepest single-day drop since 2022. The second-largest cryptocurrency by market cap briefly dipped below $1,800 before recovering slightly, as traders liquidated leveraged positions worth over $300 million in ETH derivatives. Analysts attribute the sharp decline to multiple factors including macroeconomic uncertainty, profit-taking after ETH's recent rally above $2,700, and concerns about potential delays in Ethereum ETF approvals. The selloff triggered a cascade of liquidations across decentralized finance protocols, with MakerDAO's DAI stablecoin briefly losing its dollar peg. Some traders suggest the correction presents a buying opportunity, noting Ethereum's strong fundamentals including declining exchange reserves and increasing staking activity ahead of the upcoming Dencun upgrade. Market observers warn of continued volatility as regulatory clarity remains pending for spot Ethereum ETF applications in the U.S.