Ethereum (ETH) whale that supplied 65,675 ETH worth $135 million at the current price of $2,067 is at risk of liquidation. Based on the Lookonchain data, if ETH price slips 6.38% to $1,931.83, the whale would stand to lose the collateral. Will there be an extension of the recent crypto market crash and, therefore, Ethereum? Will the ETH whale lose $135 million?
Let’s explore Ethereum price predictions and more.
Ethereum Whales’ $135M Collateral At Liquidation Risk As Crypto Market Crashes
As Bitcoin (BTC) collapsed below $80,000 on Sunday, the crypto market also suffered a similar correction. Ethereum, as a result, dropped 8.31% on March 9. Lookonchain data’s tweet shows that the Ethereum whale that supplied 65,675 ETH is at a risk of liquidation if ETH price hits $1,931.83, roughly 6.38% from the current level of $2,067.
A whale’s 65,675 $ETH ($135.8M) supplied on #Maker is on the verge of liquidation.
With a health rate of only 1.05 and a liquidation price of $1,931.83.https://t.co/sDWFBgfGLf pic.twitter.com/Pm2U3XAjpm
— Lookonchain (@lookonchain) March 10, 2025
Will ETH price crash below $2,000?
The up and coming analyst CNO highlighted Ethereum’s spot orderbook data, suggesting that Ethereum (ETH) might dip “below $2,000.” The reason behind CNO’s idea is presence of limit orders below the $2,000 psychological level that are likely going to be tagged before ETH’s valule continues its uptrend.
Ethereum Price Analysis: What’s Next for ETH?
Considering the recent downtrend exhaustion and Bitcoin’s 1.86% recovery today, the chances of a further drop are unlikely today. The reason for this can be due to Bitcoin’s technicals, that forecast a potential recovery after liquidity sweep below March 4 swing low of $81,200. Moreover, Ethereum recently dipped below the $2,000 level, collecting the required liquidity to embark on an uptrend.
Furthermore, the ETH/BTC chart shows an upitck ater weeks of down-only move, hinting at a potential bottom formation andthat Ethereum could be looking to make a comeback.
Sealing the potential reversal here and keeping the Etheruem whales’ $135M collateral is the recent accumulation from wallets holding 1M to 10M ETH. These investors bought 1.1M tokens worth roughly $2.40 billion at the current price levels. All of these signs suggest that a potential downtrend is unlikely.
While the Ethereum whale’s potential loss of $135.8 million is significant, the overall crypto market’s direction is influenced by various factors, including Bitcoin’s technicals and market sentiment. All of these factors suggest that a short-term reversal is more likely. Hence, the liquidation of $135M worth of ETH and an extended crash of Ethereum price is unlikely here, especially if Bitcoin continues to bounce from here.
Frequently Asked Questions (FAQs)
The Ethereum whale would lose approximately $135.8 million if ETH price crashes to $1,931.83.
The Ethereum whale is at risk of liquidation if ETH price slips 6.38% to $1,931.83.
The potential loss of the Ethereum whale could contribute to market volatility, but its impact on the overall crypto market is uncertain.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/ethereum-whale-would-lose-135m-if-eth-price-crashed-to-1931-will-it-crash/
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