Ethereum is once again staring at a familiar crypto nightmare: leveraged positions stacked on top of each other while price action starts to crack.
According to data, a total of 343,075 ETH, worth roughly $547 million, is currently exposed to liquidation across DeFi protocols. The largest concentration sits at 137,908 ETH, with a liquidation level of $1,361.73, creating a significant pressure zone if the market continues moving lower.
The liquidation map shows that several large positions are clustered across major DeFi lending protocols.
Data shared by Lookonchain reveals that 46,741 ETH ($74.71 million) would be liquidated on Maker at $1,565.72, while another 58,032 ETH ($92.85 million) on AAVE V3 faces liquidation at $1,555.04.
Further down the ladder, the numbers become even larger. Maker alone accounts for 100,394 ETH ($159.43 million) at $1,426.31 and 137,908 ETH ($220.41 million) at $1,361.73.
That’s a substantial amount of collateral waiting near key price thresholds.
Meanwhile, Ethereum’s chart isn’t exactly inspiring confidence. Recent price action shows ETH breaking below its ascending channel structure. At the same time, the anchored volume profile indicates that price has slipped beneath a high-volume trading zone that previously acted as support.
Markets often react aggressively when these heavily traded areas fail. Instead of attracting buyers, they can transform into resistance, increasing downside pressure.
The next major area attracting attention is the $1,300 support zone. What’s notable is that most of the identified liquidation levels sit above this region. If ETH continues drifting lower toward that round-number support, a significant portion of the leveraged DeFi positions could come under pressure before price even reaches $1,300.
For now, Ethereum faces a difficult balancing act. The network’s DeFi ecosystem is carrying hundreds of millions of dollars in liquidation risk, while ETH price action continues testing increasingly fragile support levels.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Analysts have previously argued that XRP needs to reach at least $10 to deliver the…
XRP briefly touched $1.00 on Thursday before bouncing back, and the crypto community is as…
Michael Saylor and Strategy have become inseparable from the Bitcoin narrative. With holdings exceeding 847,000…
The broader crypto market remains under heavy selling pressure as risk assets continue to struggle…
The broader crypto market remains under intense pressure as a tech-led global sell-off continues to…
Today’s Memecore incident is a stark reminder that leverage works both ways, and this time,…
