The ETH Liquidation Map over the past 7 days reveals a sharp contrast between long and short leverage positioning. The current ETH price is 2465.1, sitting near a key inflection zone where liquidation density is highest. This marks a critical battleground, with both upward and downward momentum ready to be triggered.

🔴 Long positions have already been heavily liquidated in the 2197–2418 range, shown by the steep decline of the red curve. This indicates a zone where overleveraged longs were wiped out during the recent price drop, adding selling pressure to the market.

🟢 Short positions, on the other hand, are building up aggressively in the 2490–2750 region. The light blue curve (Cumulative Short Liquidation Leverage) is rising sharply, signaling that if ETH pushes above 2500–2550, it could trigger a large-scale short squeeze, fueling a rapid upward move.

📊 Exchange-level insights:

⮞ Liquidation spikes from Binance (orange), OKX (yellow), and Bybit (blue) are clustered around the 2300–2400 and 2490–2550 zones. These areas are where high-leverage trades have concentrated, making them key pressure points.

⮞ The highest liquidation cluster currently sits around 2493.5, just above the current price – setting the stage for a potential breakout if the market moves higher.

📈 Market Overview:

⮞ ETH is currently in a “squeeze zone,” where longs have already been cleared and shorts are now crowding in. This makes it highly sensitive to breakout scenarios in either direction.

⮞ A move above 2500 could lead to cascading short liquidations and an upward spike. Conversely, dropping below 2400 may resume a downward trend, but without the same liquidation force as before.

🧠 Suggested Strategy:

⮞ Long traders should watch for a break above 2500 to confirm a short squeeze.

⮞ Short traders must be cautious of quick reversals as liquidation risks pile up above.

⮞ Traders overall should monitor the 2465–2495 range closely for signals of breakout direction.

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