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Against the backdrop of continuous fluctuations in the digital money market, the price trend of Ethereum ( ETH ) has become the focus of investors' attention. The latest market data analysis shows that if the ETH price experiences significant fluctuations, it could trigger massive liquidations.
Specifically, if ETH breaks the key resistance level of $3,595, the cumulative short positions on major centralized exchange (CEX) may face a liquidation risk of up to $2.356 billion. This indicates that there are a large number of bearish investors on ETH in the current market.
At the same time, if the ETH price falls below the support level of $3,283, bullish investors will also face tremendous pressure. In this scenario, bullish positions on major CEX platforms may encounter approximately $956 million in liquidations.
This data reflects the high volatility and risk of the current ETH market. Whether bullish or bearish investors, it is essential to closely follow price trends and manage risks. For ordinary investors, maintaining a cautious attitude is particularly important in such an uncertain market environment.
It is worth noting that these potential liquidation data highlight the high leveraged nature of the cryptocurrency market and the chain reactions that price fluctuations may bring. Market participants should fully recognize these risks and make informed investment decisions based on their own risk tolerance.