According to ChainCatcher, data from Coinglass shows that if ETH breaks above $2,182, the total liquidation value of long positions on major CEXs will reach $940 million. Conversely, if ETH falls below $1,977, the total liquidation value of short positions on major CEXs will reach $606 million.
ETH breaking above $2,182 could trigger $940 million in short liquidations on major centralized exchanges.
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Summary
On-chain data shows that if the ETH price rises above $2,182, major centralized exchanges could face $940 million in short liquidations. A drop below $1,977 may trigger $606 million in long liquidations, according to Coinglass. These levels highlight key resistance and support zones for Ethereum traders.
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