Which Side Will Crack First?

Ethereum is currently hovering around the $1958 level. The latest data from the liquidation heatmap highlights where heavy leveraged positions are stacked and where volatility could erupt.

🔻 A drop to $1642 would put nearly $3.76 billion in long positions at risk of liquidation.

🔺 A move up to $2189 could wipe out around $490 million in short positions.

Why This Matters

There is clearly heavier long exposure below the current price, signaling that downside movement could trigger a far more intense liquidation cascade than a breakout to the upside.

Still, it's crucial to understand: liquidity clusters don’t define direction—they merely show where the crowd is vulnerable.

Markets often move toward pain, but not always. At times, they trap late traders and reverse sharply.

At the moment, Ethereum sits in a high-risk compression zone, where both bulls and bears are exposed. Traders operating with leverage should approach with caution—volatility could be triggered in either direction.