Ethereum Price Movements Could Trigger Significant Liquidations

Ethereum's price fluctuations could lead to substantial liquidations on major centralized exchanges. According to ChainCatcher, data from Coinglass indicates that if Ethereum surpasses $2,058, the cumulative liquidation intensity of short positions on these exchanges could reach $778 million. Conversely, if Ethereum falls below $1,862, the cumulative liquidation intensity of long positions could amount to $300 million.