I've just had this happen again on another drive: Got an email saying a drive was expected to fail within 24hrs, but nothing concerning in the dashboard. In this case, I have four of the drives that correspond to the same model that the email is referring to: two of them the dashboard says there's no indication of any problems, the other two it says it's not predicting any immanent disk failure, but some SMART attributes are showing signs the disk could be failing. The only SMART issues are some reallocated sectors: 1 on one of them, and 6 on the other. In both cases, those sectors were reallocated when the drives were relatively new, about 3 years ago. I don't understand why I'm getting these "the sky is falling' emails, then everything seems fine in the dashboard.
As far as the first drive, I'm not sure what to think about that one. In my initial panic I pulled the drive and started testing it on my client PC, where I didn't have any SMART software. I downloaded Crystaldisk, and THOUGHT I saw 200 reallocated sectors, but that was the only time. So I'm not sure if it has changed, or if I just mis-read it. Since the emails don't provide a S/N, I'm not even certain that "failing within 24hrs" email was referring to the same drive.