$547M in ETH long positions face liquidation risk

A total of $547 million in ETH long positions on DeFi platforms are at risk of liquidation, Lookonchain reported. This involves 343,075 ETH, with key liquidation points at $1,565.72 ($74.7 million), $1,555.04 ($92.9 million), $1,426.31 ($159 million), and $1,361.73 ($220 million). Separately, Spot On Chain noted that structural selling pressure is building, identifying the $1,555–$1,566 range as an immediate critical threshold. A drop below this zone could trigger a cascading decline to the $1,426 support level, the firm added.