Ethereum Price Movements Could Trigger Significant Liquidations

Ethereum's price fluctuations are poised to impact liquidation levels significantly. According to ChainCatcher, data from Coinglass indicates that if Ethereum surpasses $2,777, the cumulative liquidation intensity of short positions on major centralized exchanges will reach $1.224 billion. Conversely, if Ethereum falls below $2,516, the cumulative liquidation intensity of long positions will amount to $497 million.