ETH Price Plunge Sparks $100M Liquidation Fears Amid Market Downturn

Ether (ETH) experienced a significant price drop, leading to concerns about potential liquidations of leveraged positions. Recent data indicates that a further decline in ETH's price could trigger substantial liquidations. One wallet narrowly avoided liquidation by adjusting its holdings. Lending protocols have also suffered losses due to concerns over leveraged positions. The market is closely watching key support levels, as a break below them could lead to further price declines. Conversely, a strong defense of these levels, combined with increased market volumes, could prevent further losses. The current price of ETH is around $1570 as of April 7, 2025.