Ethereum crashed alongside other cryptos' and this fix seems to be the worst tag performance in history. Besides from a few trading anomalies where the ETH price almost fell to zero, this correction came quickly and wiped out most of ETH's profits.
The crash wiped out more than 45% of the Ethereum price since last week. But the Ethereum price slide also had an impact on the entire crypto ecosystem and led to the liquidation of DeFi-secured credit programs. The liquidations were exacerbated by a double commitment to rapidly falling Ethereum market prices and a heavily congested network.
The so-called collateral vaults were liquidated and taken over according to the rules of the maker. This opened a 3.5-hour window in which a single trader had limited rights to buy the safes that triggered the liquidation.