according to Ember Monitoring, there was a potential liquidation of 72,700 ETH (worth $114 million) at $1472, forming the first tier of liquidations. The second tier, at $1355, corresponds to 167,600 ETH ($263 million), and the third tier, at $1160, corresponds to 120,000 ETH ($188 million). The current price is testing the key liquidation line at $1472. The liquidation tiers indicate that leverage risk is spreading from known whales to broader lending positions, increasing the vulnerability of the market structure during the downtrend. $1472 has become a crucial defense level; a breach could trigger a chain reaction. In the short term, ETH faces liquidation pressure, but it could also become a temporary support level after the release of panic selling pressure. Attention should be paid to actual price performance and changes in open interest.