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's price falls below $2,244, the cumulative liquidation of long positions on these exchanges could reach $932 million. Conversely, if Ethereum's price surpasses $2,473, the liquidation of short positions could total $526 million.