In this paper, a dynamic centrifuge model test was conducted on a 24.8-meter-deep excavation consisting of a 20 m sand layer and 4.8 m bedrock, classified as S3 by Korean seismic design code KDS 17 10 00. A braced excavation wall supports the hole. From the results, the mechanism of seismically induced earth pressure was investigated, and their distribution and loading points were analyzed. During earthquake loadings, active seismic earth pressure decreases from the at-rest earth pressure since the backfill laterally expands at the movement of the wall toward the active direction. Yet, the passive seismic earth pressure increases from the at-rest earth pressure since the backfill pushes to the wall and laterally compresses at it, moving toward a passive direction and returning to the initial position. The seismic earth pressure distribution shows a half-diamond distribution in the dense sand and a uniform distribution in loose sand. The loading point of dynamic thrust corresponding with seismic earth pressure is at the center of the soil backfill. The dynamic thrust increased differently depending on the backfill's relative density and input motion type. Still, in general, the dynamic thrust increased rapidly when the maximum horizontal displacement of the wall exceeded 0.05 H%.