Liquidation risk monitoring: ETH triggers billions of dollars in liquidation strength at key levels

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According to the latest monitoring from the on-chain data analysis platform Coinglass, Ethereum(ETH) price fluctuations will directly impact the liquidation scale on major exchanges. The current market faces two critical thresholds that market participants need to closely monitor.

Liquidation Pressure in the Bullish Scenario

If ETH price breaks through the level of $3,169, it will trigger large-scale short liquidations on mainstream CEX exchanges. According to statistics, once this price level is surpassed, the cumulative short liquidation strength will reach a massive $1.077 billion. This indicates that there are substantial stop-loss orders and additional margin requirements in this price range, which could further boost upward momentum.

Risk Assessment in the Bearish Scenario

Conversely, if ETH falls below the support level of $2,872, the liquidation pressure on long positions will also be significant. The total scale of long liquidations on major exchanges will reach $750 million. This bidirectional liquidation mechanism reminds traders that any breakout in either direction could trigger a chain reaction of liquidations.

Market Insights

ETH is currently fluctuating between these two critical levels, and the asymmetric distribution of liquidation intensity reflects an imbalance of bullish and bearish forces in the market structure. Understanding these liquidation hotspots is crucial for risk management.

ETH-1,17%
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