According to ChainCatcher, data from Coinglass shows that if ETH falls below $1,595, the total liquidation value of long positions on major CEXs will reach $510 million. Conversely, if ETH breaks above $1,757, the total liquidation value of short positions on major CEXs will reach $452 million.
ETH below $1,595 could trigger $510M in long liquidations on major centralized exchanges.
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Summary
New on-chain trading signals indicate that ETH below $1,595 could trigger $510M in long liquidations across major centralized exchanges. Long-term investment strategies may need adjustment as $1,757 emerges as a key resistance level. If ETH breaks above this level, short liquidations could reach $452M.
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