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's price falls below $2,047, the cumulative liquidation intensity for long positions on major centralized exchanges will reach $1.161 billion. Conversely, if Ethereum surpasses $2,258, the cumulative liquidation intensity for short positions will amount to $436 million.