The overall cryptocurrency market is consolidating today, with Bitcoin remaining above $67,000. Ethereum's price is fluctuating slightly, currently around $1,950, down 0.2% in the past 24 hours. Market trading volume has decreased, indicating that investors are becoming more cautious when the direction is unclear.

On the technical side, ETH remains within a wide range of $2,107 to $1,740, oscillating between these levels. The 20-day EMA (around $2,157) continues to slope downward, creating resistance for a rebound; the RSI indicator hovers around 33, indicating weak momentum. Data from the derivatives market shows that if ETH falls below $1,911, the combined liquidation of long positions on major CEXs could reach $977 million; conversely, if it breaks above $2,109, short positions could be liquidated for approximately $495 million. Both bulls and bears have accumulated significant leveraged positions near key price levels. Key points:
Price performance: ETH is currently at $1,950, continuing narrow-range consolidation.
Liquidation risk: Falling below $1,911 could trigger $977 million in long liquidations; breaking above $2,109 could trigger $495 million in short liquidations.
Technical structure: Still within the $2,107-$1,740 range, awaiting a direction choice. $ETH