Ethereum Price Movements Could Trigger Significant Liquidations

Ethereum's price fluctuations are poised to impact liquidation levels significantly. According to ChainCatcher, Coinglass data indicates that if Ethereum's price falls below $1,872, the cumulative liquidation intensity for long positions across major centralized exchanges could reach $903 million. Conversely, if Ethereum surpasses $2,050, the cumulative liquidation intensity for short positions could amount to $547 million.