ETH Liquidations Rise to $534 Million: Will the Price Recover Soon?
The recent drastic decline in Ether (ETH) prices, plunging over 14%, has triggered significant liquidations across decentralized finance (DeFi) platforms. ETH Liquidations rise to $534 Million, prompting the key question: Will the price recover soon?
Bitcoin and Ethereum’s retracement on late Thursday and early Friday triggered a domino effect that erased $6 Billion from the total crypto market cap. At press time Ethereum price fell below $1,890 amid a market-wide sell-off, leading liquidations with $136.21 million wiped out in 24 hours.
Ethereum Under Pressure: Liquidations Soar
The surge in ETH Liquidations rise to $534 Million indicates intense selling pressure. On-chain derivatives exchanges such as GMX, Kwenta, and Polynomial triggered total liquidations of more than $52 million during the same period, exacerbating the situation. But will the price recover soon?
Ethereum Price Prediction: Testing Key Support Levels
Ethereum Price Prediction: Will ETH Break Below $1,800? Altcoin price is still fragile in today’s market as it tests the $1,820 support for the second time this month. Ether’s attempt at a price recovery is losing momentum around EMA trend lines as bears strongly defend EMA20 level.
Analyst Insights: Is Ethereum Undervalued?
Analysts suggest Ethereum is undervalued, with ETH\'s market price falling below its realized price for the first time since 2025. Market sentiment is improving, but what does this mean for short-term price action? Will the current dip present a buying opportunity?
What\'s Next for ETH Price?
Keep a close eye on the $1,820 support level. A break below this point could lead to further declines. However, if ETH can hold this level and regain momentum, a recovery may be possible. Stay updated on market trends to understand if the price will recover soon.
Source link. Get access to our best features. Get Started. Enable Notifications.