According to ChainCatcher, data from Coinglass shows that if ETH falls below $1,977, the cumulative liquidation intensity of long positions on major CEXs will reach $700 million. Conversely, if ETH breaks above $2,184, the cumulative liquidation intensity of short positions on major CEXs will reach $470 million.
ETH below $1,977 could trigger $700 million in long liquidations on major centralized exchanges.
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Summary
New on-chain trading signals indicate that ETH falling below $1,977 could trigger $700 million in long liquidations across major centralized exchanges. Long-term investment strategies may need adjustment as ETH approaches key support. If ETH rises above $2,184, short liquidations could reach $470 million.
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