I just checked the data from Coinglass, and it turns out ETH is again at a critical point. If ETH breaks through $2,048, there will be a short position liquidation of $869 juta on major CEX platforms. Conversely, if it falls below $1,855, long position liquidations could reach $632 juta. So basically, there are two levels you need to pay attention to right now, depending on which direction ETH moves. It’s interesting, because that means a lot of leverage is stacked at these levels. If one of the triggers gets hit, it could trigger a domino effect on the main CEXs. Be careful with the volatility within this range.

ETH-0,68%
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