- Over $547 million in ETH-backed DeFi positions remain at risk.
- Ethereum price is trading below major whale cost-basis levels.
- A break below $1,500 could increase downside volatility.
Ethereum price is approaching critical support levels as more than $547 million worth of ETH-backed positions face potential liquidation across DeFi protocols. According to Crypto Patel, over 343,000 ETH could be affected if selling pressure continues. The largest liquidation clusters sit between $1,565 and $1,361, placing Ethereum price at a key point for traders and investors.
At press time, Ethereum price traded at $1,562.09, down 2.24% over the past 24 hours. Market participants are closely monitoring whether buyers can defend current support levels.
Ethereum Price Faces Growing Liquidation Pressure
Ethereum price is hovering near one of the largest liquidation clusters identified by Crypto Patel. Data shows 46,741 ETH worth about $74.7 million is exposed near $1,565.72, while another 58,032 ETH worth $92.9 million sits near $1,555.04.
Further downside could expose even larger positions. More than 100,000 ETH is vulnerable near $1,426.31, while the largest cluster contains 137,908 ETH near $1,361.73. These levels represent substantial liquidation risks if Ethereum price continues to weaken.
Recent market action has already triggered forced selling. More than 21,540 ETH worth approximately $34.1 million was liquidated after ETH fell below important support levels. Such events can accelerate declines because liquidations often create additional selling pressure.
Ethereum Price Trades Below Key Whale Cost Levels
Ethereum price is also showing weakness relative to important on-chain benchmarks. ETH remains below the whale realized price near $1,900. This suggests many large holders are currently sitting on unrealized losses.
Ethereum price is trading below the Binance listing AVWAP near $1,700. Historical data shows this has happened only four times in the past six years. Previous breaks below this level often reflected weaker market confidence and slower accumulation.
Analysts believe the $1,550 area remains critical. If Ethereum price holds above support, a relief rally toward $1,620 could develop. However, a daily close below $1,500 may increase the likelihood of a move toward the next major demand zone between $1,070 and $1,150.
With large DeFi positions still exposed across Aave and Maker, traders continue watching liquidation levels, whale behavior, and broader market sentiment for signs of the next move.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
