According to a ChainCatcher report citing Coinglass data, if ETH breaks above $3,269, the cumulative short position liquidation volume on major CEXs will reach $1.252 billion. Conversely, if ETH falls below $2,961, the cumulative long position liquidation volume on major CEXs will reach $851 million.
Data: ETH Breaking Above $3,269 Could Trigger $1.252 Billion in Short Liquidations on Major CEXs
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Summary
On-chain data reveals that if the ETH price surges past $3,269, major centralized exchanges (CEXs) could face $1.252 billion in short liquidations. If the ETH price drops below $2,961, it may trigger $851 million in long liquidations, according to Coinglass. The data highlights key resistance and support levels for Ethereum traders.
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