Ethereum Price Movements Could Trigger Significant Liquidations

Ethereum's price fluctuations are poised to impact liquidation levels on major centralized exchanges. According to ChainCatcher, data from Coinglass indicates that if Ethereum surpasses $2,421, the cumulative liquidation intensity for short positions on mainstream centralized exchanges will reach $493 million. Conversely, if Ethereum falls below $2,212, the cumulative liquidation intensity for long positions will amount to $482 million.