What happens if Ethereum reaches these two price levels? Coinglass data reveals liquidation intensity.

【Crypto World】According to the latest data from Coinglass, Ethereum’s price fluctuations may trigger two completely different liquidation scenarios.

If Ethereum can break through the $3300 level, short positions on mainstream CEXs will face concentrated liquidations, with total liquidation strength potentially reaching 809 million. Conversely, if the price reverses and falls below the $3150 support level, long position holders should be cautious—the liquidation strength of long positions on major exchanges could surge to 1.053 billion.

It should be noted that the data in the liquidation chart does not represent the exact number of contracts to be liquidated or specific liquidation values. Those bars truly express the “importance” or “intensity” of a certain price range relative to surrounding liquidation clusters. In other words, the liquidation chart shows how much market impact will occur when the underlying asset reaches a certain price. The taller the bar, the more intense the market reaction when the price hits that level, due to the concentrated release of liquidity waves. This provides valuable reference for traders in assessing risk points.