ChainCatcher reported, citing data from Coinglass, that ETH is facing two key price levels tied to liquidation intensity across mainstream centralized exchanges. If ETH breaks above $1,768, the cumulative short liquidation intensity on major CEXs would reach $1.056 billion. Conversely, if ETH drops below $1,601, the cumulative long liquidation intensity on those platforms would reach $388 million.
Two Price Levels for Long and Short Liquidation Pressure
The figures separate the pressure facing short positions and long positions at different price points. The $1,768 level is the upper trigger referenced in the data, where short liquidation intensity is the larger figure. The $1,601 level is the lower trigger, where long liquidation intensity is listed at $388 million.
ETH is the native asset of the Ethereum network, while CEX refers to centralized exchanges. In this context, Coinglass presents the figures as cumulative liquidation intensity, showing how leveraged long and short positions are distributed around specific ETH price levels on mainstream trading venues.