Double-Sided Liquidation Risk in ETH - Price Nears Breakout

When Ethereum (ETH) hits $2.945, a cumulative short leverage position of $1.31 billion will come into play. If this level is breached, stop orders could be triggered and price action could accelerate. However, there is also a serious danger below:

At $2.385, there is a long leverage position of $1.62 billion. If ETH pulls back to this area, there could be similarly high volumes of long liquidations.

🧭 Technical watch:

Resistance 2.900$ - 2.945$

Support 2.600$ - 2.385$

🎯 For ETH, both buyers and sellers should be careful. As the market tests these two levels, the probability of liquidation increases. Confirmed breakouts around these areas should be monitored instead of opening instant trades.