<ul><li>Ether (ETH) price dropped to $1,410 on April 7, its lowest level since March 2023.</li><li>Leveraged ETH futures worth over $370 million were liquidated in 2 days.</li><li>Professional traders remain hopeful as Ethereum's derivatives data and onchain metrics show reduced demand for bearish positions below $1,600.</li><li>Despite negative factors such as global trade tensions and the delay of the Pectra upgrade, Ether derivatives display moderate resilience and Ethereum's total value locked (TVL) reached an all-time high of 30.2 million ETH.</li></ul>

Ethereum price falls to 2-year low, but pro traders still have hope

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