1.84B$ Short Liquidation Approaching!

While Ethereum is trading at $2554.2, the liquidity map shows critical levels.

If ETH rises to $2817, $1.84 billion short positions will be liquidated. This could trigger a massive short squeeze and push the price higher.

On the other hand, $1.05 billion long position is at risk if it falls to $2290.6.

Market Dynamics:Short liquidations (1.84B) are 75% higher than long positions (1.05B). This supports Ethereum's potential to gain upside momentum.

If the $2817 resistance is exceeded, a rapid rise can be expected with short squeeze. However, liquidity data alone is not enough, general market conditions should also be monitored.