Based on Coinglass data highlighted by COINOTAG, near-term Ethereum price thresholds could trigger notable liquidation activity on major CEXs. A drop below $2900 would drive the cumulative long liquidation strength to about $784 million across mainstream exchanges, while a break above $3100 would push the cumulative short liquidation strength to roughly $923 million.
COINOTAG notes that the liquidation chart does not disclose exact contract counts or values; the chart’s bars illustrate the relative importance of each liquidation cluster, i.e., the strength, rather than precise quantities. Consequently, a higher bar signals a more intense price reaction if that level is reached, underscoring the need for prudent risk management and level-focused positioning as traders monitor Ethereum’s critical thresholds.
Source: https://en.coinotag.com/breakingnews/ethereum-at-key-levels-784m-cex-long-liquidations-if-it-falls-below-2900-and-923m-short-liquidations-if-it-breaks-above-3100-coinglass-data
