Ethereum Price Movements Could Trigger Significant Liquidations

Ethereum's price fluctuations could lead to substantial liquidation events on major centralized exchanges. According to ChainCatcher, data from Coinglass indicates that if Ethereum surpasses $3,089, the cumulative liquidation intensity of short positions on these exchanges will reach $501 million. Conversely, if Ethereum falls below $2,825, the liquidation intensity of long positions will also amount to $501 million.