Ethereum Price Movements Could Trigger Significant Liquidations

Ethereum's price fluctuations could lead to substantial liquidations on major centralized exchanges. According to ChainCatcher, Coinglass data indicates that if Ethereum's price falls below $2,074, the cumulative liquidation of long positions could reach $1.355 billion. Conversely, if Ethereum surpasses $2,277, the cumulative liquidation of short positions could amount to $892 million.