Is Long Liquidation Coming to ETH?

📉 While Ethereum is trying to stabilize at $2,630, there is a serious risk of liquidation on a downside breakout:

🔻 Below $2,302: A full $1.94 billion long position is open to liquidation.

🔺 Above $2.898: Only $748 million worth of short positions are at risk.

According to the current picture, pressure has accumulated on the long side. Downside volatility could trigger a chain of liquidations.