According to ChainCatcher, data from Coinglass shows that if ETH falls below $1,970, the cumulative liquidation strength of long positions on major CEXs will reach $1 billion. Conversely, if ETH breaks above $2,168, the cumulative liquidation strength of short positions on major CEXs will reach $568 million.
ETH below $1,970 could trigger $10 billion in long liquidations on major centralized exchanges.
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Summary
New on-chain trading signals indicate that ETH below $1,970 could trigger $10 billion in long liquidations across major centralized exchanges, according to Coinglass data. Long-term investors should monitor this level closely. If ETH rises above $2,168, short liquidations could reach $568 million.
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