<ul><li>Ethereum is facing pressure due to leadership issues and declining on-chain metrics.</li><li>Ethereum's value has dropped 52% over the past year, with a potential for further decline.</li><li>Concerns arise from a $130 million ETH-backed loan in Sky, highlighting the risk in crypto-backed loans.</li><li>Kevin Rusher suggests integrating real-world assets into Ethereum's DeFi ecosystem to mitigate overleveraging and potential liquidations.</li></ul>

As ETH Slide Continues, Exec Says Further Decline Will Result in $336 Million DeFi Sell-Off

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