According to ChainCatcher, data from Coinglass shows that if ETH breaks above $2,073, the total liquidation intensity of long positions on major CEXs will reach $695 million. Conversely, if ETH falls below $1,879, the total liquidation intensity of short positions on major CEXs will reach $239 million.
ETH breakout above $2,073 could trigger $695M in short liquidations on major centralized exchanges.
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Summary
On-chain data from Coinglass shows that if ETH breaks above $2,073, it could trigger $695 million in short liquidations. Major centralized exchanges face this risk as ETH approaches key resistance. If ETH falls below $1,879, long liquidations could reach $239 million. The data underscores ETH’s sensitivity to key price levels.
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