ETH Price Near $1781 and $1762: $230 Million in On-Chain Liquidations Looming

According to recent data from Defillama, the cryptocurrency market is bracing for significant liquidations as the price of Ethereum (ETH) approaches critical levels. On March 11th, when ETH reached values of $1781 and $1762, approximately $230 million in two large on-chain positions are poised for liquidation, totaling around $113 million and $117 million respectively. This event underscores the heightened volatility within the cryptocurrency landscape and the potential impact on traders’ positions as Ethereum flirts with these key price points. Given the current market dynamics, it is essential for investors to stay informed about price movements to manage risks effectively, especially in light of upcoming liquidations that could further influence market trends.