Ethereum faces $242.4M liquidation risk below $1,784

According to DeFiLlama data, if Ethereum (ETH) drops below $1,784, major DeFi platforms could face a total of $242.4 million in on-chain liquidations. A decline below $1,804 would trigger approximately $123.7 million in liquidations. The majority of these liquidations are concentrated in MakerDAO. As per CoinMarketCap, ETH is currently trading at $1,917.2, down 5.37% in the past 24 hours.