According to ChainCatcher, data from Coinglass shows that if ETH falls below $2,372, the total liquidation value of long positions on major CEXs will reach $829 million. Conversely, if ETH breaks above $2,621, the total liquidation value of short positions on major CEXs will reach $606 million.
ETH below $2,372 could trigger $829M in long liquidations on major centralized exchanges.
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Summary
New on-chain trading signals indicate that if ETH falls below $2,372, it could trigger $829 million in long liquidations across major centralized exchanges, according to Coinglass data. Long-term investment strategies may require adjustment, as this level serves as a key support. If ETH rises above $2,621, short liquidations could reach $606 million.
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