Massive liquidation by Ethereum whales ✅ Large-scale on-chain liquidation risk identified in the $1,700-$1,000 range during Ethereum price declines 🗂 Trend Research 🔘 Holdings: 356,150 ETH (approximately $671 million) 🔘 Liquidation range: $1,562-$1,698 🔘 Characteristics: Concentrated leveraged positions held by multiple wallets, presumed to be the same entity 🗂 Joseph Lubin + 2 unidentified whales 🔘 Holdings: 293,302 ETH (approximately $553 million) 🔘 Liquidation range: $1,329-$1,368 🔘 Characteristics: Intermediate defensive zone with overlapping ETH key players and whale holdings 🗂 7 Siblings 🔘 Holdings: 286,733 ETH (approximately $541 million) 🔘Liquidation range: $1,075 / $1,029 🔘Characteristics: Key macro liquidation zone at the bottom, with a potential for cascading volatility if it collapses. 🧭 See more details 🗄 Comment Currently, Ethereum is facing a more important phase, with the on-chain leverage liquidation zone being more important than simple price support and resistance. In particular, a breakout of the $1,300 level is likely to act as a turning point for medium-term volatility.