Ethereum Nears $1,700 as Liquidations Top $199M

Ethereum traded at $1,736.47 as the asset approached the $1,700 level highlighted by The Coin Republic. The report said ETH liquidations reached $199 million while the broader crypto market sold off, with the publication also noting that market experts saw scope for further downside. No timeframe was provided for the liquidation figure. The decline was substantial across short and weekly windows: ETH fell 9.98% over 24 hours and 22.17% over seven days. Its market capitalization stood at $212.23 billion. At the reported price, ETH remained only about $36 above $1,700, a level now serving as the immediate reference point for the developing selloff. The Coin Republic was the sole outlet supplied to cover the story, so its figures and market assessment could not be independently corroborated within the coverage set. The account nevertheless connects ETH’s weakness to conditions across the wider crypto market rather than presenting the decline as an isolated move in the second-largest asset by market capitalization. Market-wide context was negative: total crypto market capitalization was $2.2 trillion, Bitcoin was down 7.31% over 24 hours, and the Fear & Greed index stood at 10, labeled extreme fear. Traders and market observers will be watching whether ETH can hold near $1,700 and whether liquidations and the broader selloff continue to intensify; that is a monitoring point rather than a price forecast.