An Ethereum user averted a significant liquidation worth $360 million on Tuesday by depositing additional collateral as Ether's price fell sharply. Amidst nearing liquidation levels, one wallet deposited 2,000 ETH, valued at around $1.5 million, and repaid $1.5 million in DAI stablecoin, thus preventing the liquidation of its MakerDAO position. Another wallet, possibly linked to the Ethereum Foundation, added 30,098 ETH (approximately $56.08 million) to lower its liquidation price to $1,127. Despite the rescue, the precarious condition remains; should Ether's price fall to $1,781, the position could still face liquidation. Currently, $1.3 billion worth of assets on Ethereum are at risk of liquidation, with $352 million within 20% of the current price, highlighting the fragility of the decentralized financial ecosystem.

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