Ethereum Price Risks $1,700 as ETH Liquidations Reach $199M

Ethereum price stood at $1,816.34 as ETH crypto liquidations reached $199.86 million over 24 hours. CoinGecko data showed a 5.8% daily decline. Analyst Ted Pillows warned that ETH crypto could fall toward $1,700 without a recovery above $2,000. Meanwhile, on-chain data showed large holders buying and selling ETH crypto as U.S. Ethereum ETFs recorded outflows. A CoinGecko snapshot placed ETH crypto near its 24-hour low of $1,813.27, after a high of $1,954.20. The chart showed the cryptocurrency approaching $1,950 before giving up its gains. It then traded around $1,900 for several hours before falling below $1,850.