ETH: $547M Faces DeFi Liquidation at Key Levels

ETH faces immediate pressure as 343,075 tokens valued at $547M sit at risk of liquidation across DeFi protocols according to on-chain data from @lookonchain.

Traders must watch four distinct clusters: 46,741 ETH ($74.71M) at $1,565.72, 58,032 ETH ($92.85M) at $1,555.04, 100,394 ETH ($159.43M) at $1,426.31 and 137,908 ETH ($220.41M) at $1,361.73.

Current price action at $1,581.82 shows price testing lower Bollinger support near $1,612.99 while the 4-hour RSI at 15.45 signals deep oversold conditions and MACD remains locked in a bearish death cross below zero. With price already beneath the EMA50 at $1,895.12 and EMA200 at $2,097.43, any further dip risks triggering the first liquidation wave near $1,565 and accelerating downside toward the $1,426 cluster before a relief bounce. This setup directly feeds into broader ETH price prediction models and raises crypto market crash concerns as leveraged positions unwind rapidly in DeFi.