According to data from Coinglass reported by ChainCatcher, Ethereum (ETH) shows two critical liquidation levels on major centralized exchanges (CEXs). If the price of ETH breaks above $1,873, the cumulative short liquidation intensity would reach $1.061 billion; conversely, if ETH falls below $1,697, the cumulative long liquidation intensity would total $507 million.
The liquidation intensity metric from Coinglass integrates open interest data across major exchanges to show the amount of positions that would be forced to liquidate if the price reaches a certain level. At $1,873, approximately $1.06 billion in short positions are exposed to liquidation, while at $1,697, about $507 million in long positions could be liquidated. These levels highlight significant potential pressure points that could amplify price movements in either direction.