Ethereum has fallen over 9%, slipping into the $2.1K zone.The market experienced a surge in liquidations, with $195.40 million worth of ETH wiped out.ETH is forming a sturdy bearish trend line and could start a recovery wave only if it moves above $2,200.The on-chain data reports that the Bybit hacker has already laundered over 50% of the stolen 499K ETH within a week.