Ethereum plunges over 14 percent Monday, breaking $1,800 support to trade near $1,541 $106 million whale liquidation on Maker reported by Lookonchain added sell pressure ETH tests critical long-term support (log regression channel ~$1.35k-$1.45k) Ethereum (ETH) plunged over 14% in 24 hours Monday, breaking below critical support zones to trade near $1,541 as a broader crypto market sell-off intensified, reportedly taking Bitcoin below $76,000. What Role Did the $106M Whale Liquidation Play? Adding pressure to the decline, on-chain data platform Lookonchain reported a major whale liquidation. An address holding 67,570 ETH (worth ~$106 million at the time) on the Maker lending protocol was liquidated, likely amplifying the downward momentum. As $ETH plummeted, the 67,570 $ETH ($106M) held by this whale on #Maker was liquidated! https://t.co/kXSkKh1H0P pic.twitter.com/IDjzbQ8P3z — Lookonchain (@lookonchain) April 7, 2025 Does Exploding Volume Signal Panic or Buying? Ethereum’s trading volume exploded over 345% during the price drop, with derivatives volume surging similarly (+329%), according to Coinglass . Unlike typical high-volume rallies, this su… The post ETH Price Apr 8: What Levels Matter After Monday’s Market Crash appeared first on Coin Edition .
