ChainCatcher reported, citing Coinglass data, that ETH is facing two notable liquidation intensity levels across major centralized exchanges. According to the data, if ETH drops below $1,643, cumulative long liquidation intensity on major CEXs will reach $606 million.
Two ETH Levels: $1,643 and $1,799
On the other side of the market, if ETH breaks above $1,799, cumulative short liquidation intensity on major CEXs will reach $325 million. Under the current Coinglass data view, the liquidation intensity tied to long positions below $1,643 is higher than the liquidation intensity tied to short positions above $1,799.
Liquidation intensity is used to show the scale of concentrated forced-position pressure that would be triggered at a specified price level. In this case, the data focuses on ETH long and short positioning across major CEXs, providing a reference point for observing where leveraged risk is clustered.