Ethereum Price Movements Could Trigger Significant Liquidations

Ethereum's price fluctuations could lead to substantial liquidations on major centralized exchanges. According to ChainCatcher, Coinglass data indicates that if Ethereum surpasses $2,404, the cumulative short liquidation intensity on these exchanges could reach $1.093 billion. Conversely, if Ethereum falls below $2,176, the cumulative long liquidation intensity could amount to $697 million.