#MarketPullback Ethereum (ETH) is facing a potential on-chain liquidation totaling approximately $128 million if its price reaches $1,919. This risk is primarily linked to the MakerDAO protocol, which accounts for $127.8 million of the potential liquidation.
As of now, ETH is trading at $2,046.38, having experienced a 6.5% decline from the previous close. The intraday high was $2,192.51, with a low of $1,998.75.
Investors and stakeholders are closely monitoring Ethereum's price movements, as a drop to the $1,919 threshold could trigger significant liquidations, potentially impacting the broader cryptocurrency market.
