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 value falls below $1,993, the cumulative liquidation intensity of long positions on major centralized exchanges will reach $556 million. Conversely, if Ethereum surpasses $2,200, the liquidation intensity of short positions will amount to $478 million.