According to ChainCatcher, data from Coinglass shows that if ETH breaks above $1,842, the total liquidation value of long positions on major CEXs will reach $645 million. Conversely, if ETH falls below $1,668, the total liquidation value of short positions on major CEXs will reach $376 million.
ETH breaking above $1,842 could trigger $645 million in short liquidations.
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Summary
On-chain data from Coinglass indicates that if the ETH price breaks above $1,842, short liquidations on major CEXs could reach $645 million. A drop below $1,668 may trigger $376 million in long liquidations. This on-chain data highlights key resistance and support levels for Ethereum traders to monitor.
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