According to ChainCatcher, data from Coinglass shows that if ETH falls below $3,077, the cumulative long position liquidation volume on major CEXs will reach $1.564 billion. Conversely, if ETH breaks above $3,390, the cumulative short position liquidation volume on major CEXs will reach $1.179 billion.
Data: ETH Below $3,077 Could Trigger $1.564B Long Liquidations on Major CEXs
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Summary
New on-chain trading signals indicate that if ETH falls below $3,077, it could trigger $1.564 billion in long liquidations on major centralized exchanges (CEXs), according to Coinglass. Long-term investment strategies may need adjustments, as $3,077 serves as a key support level. Conversely, if ETH rises above $3,390, short liquidations could reach $1.179 billion, highlighting the concentration of positions near these critical price levels.
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