According to ChainCatcher, data from Coinglass shows that if ETH breaks above $2,204, the total liquidation strength of long positions on major CEXs will reach $1.095 billion. Conversely, if ETH falls below $1,999, the total liquidation strength of short positions on major CEXs will reach $718 million.
ETH breakout above $2,204 could trigger $1.095 billion in short liquidations.
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Summary
According to Coinglass data cited by ChainCatcher, ETH’s price could trigger a major shift if it breaks above $2,204. A breakout at this level may lead to $1.095 billion in short liquidations across major centralized exchanges. Conversely, ETH analysis indicates that a drop below $1,999 could result in $718 million in long liquidations. Traders are closely monitoring the price action.
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