According to ChainCatcher, data from Coinglass shows that if ETH breaks above $2,555, the total liquidation value of long positions on major CEXs will reach $988 million. Conversely, if ETH falls below $2,320, the total liquidation value of short positions on major CEXs will reach $708 million.
ETH breakout above $2,555 could trigger $988M in short liquidations.
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Summary
On-chain data shows that if the ETH price rises above $2,555, short liquidations on major centralized exchanges could reach $988 million. If the ETH price falls below $2,320, it may trigger $708 million in long liquidations, according to Coinglass. This data highlights key resistance and support levels for Ethereum traders to monitor.
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