According to ChainCatcher, data from Coinglass shows that if ETH falls below $2,199, the total liquidation value of long positions on major CEXs will reach $794 million. Conversely, if ETH breaks above $2,426, the total liquidation value of short positions on major CEXs will reach $742 million.
ETH below $2,199 could trigger $794M in long liquidations on major centralized exchanges.
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Summary
New on-chain trading signals indicate that ETH below $2,199 could trigger $794 million in long liquidations across major centralized exchanges, according to Coinglass data. A move above $2,426 may lead to $742 million in short liquidations. Traders are advised to closely monitor these levels, as increased position risks may require adjustments to long-term investment strategies.
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