ChainCatcher reported, citing Coinglass data, that ETH is positioned around two notable liquidation-intensity levels on major centralized exchanges. If ETH falls below $1,738, the cumulative long liquidation intensity across major CEXs would reach $1.103 billion. This figure refers to the concentration of liquidation pressure on long positions at that price level.
On the other side of the market, the same Coinglass data shows that if ETH breaks above $1,920, cumulative short liquidation intensity on major CEXs would reach $462 million. In this dataset, the liquidation intensity tied to the downside level of $1,738 is higher than the short-side liquidation intensity tied to the upside level of $1,920.
Liquidation intensity is commonly used to describe how leveraged positions are distributed around specific price points on centralized trading platforms. The figures cited by ChainCatcher from Coinglass identify two ETH levels only: $1,738 for long liquidation intensity of $1.103 billion, and $1,920 for short liquidation intensity of $462 million.