As Ethereum rapidly rises, these two price levels require close attention!

According to the latest monitoring data from the on-chain analysis platform, Ethereum(ETH)'s current price trend faces two critical thresholds, which are vital for market participants' risk management.

**Upside Risk Warning**

If Ethereum's price successfully breaks above the $3,466 key level, short positions on mainstream exchanges face concentrated liquidation risk. Data shows that once this level is surpassed, the related liquidation scale is expected to reach approximately $1.357 billion. This means a large number of bearish positions will be forced to close, potentially pushing the price higher and creating a reverse cycle.

**Downside Risk Alert**

On the other hand, if Ethereum falls below the $3,147 support level, long holders will face a chain reaction of forced liquidations. According to data from major trading platforms, the total liquidation scale for longs in this scenario could reach as high as $1.018 billion. Such a volume of forced liquidations could trigger a rapid market decline.

**Key Conclusion**

Currently, ETH's price action is caught between two major liquidation peaks. The range between $3,466 and $3,147 has become a focal point of market sentiment. Traders need to closely monitor these critical price movements to adjust their positions and risk control strategies in a timely manner. Whether breaking upward or downward, such moves could trigger liquidation waves worth billions of dollars, and market volatility is expected to remain high.