🧭 ETHEREUM LEVERAGE LANDSCAPE – PAST 7 DAYS
The latest Coinglass chart reveals the distribution of unliquidated leveraged positions on ETH – highlighting price zones that may trigger volatility if touched. The current price is marked at 🔺 $3,821.2.
📊 WHAT THE DATA SHOWS
🔹 Red line: Total open Longs – at risk if price drops
🔹 Blue line: Total open Shorts – at risk if price rises
🔹 Vertical bars: Represent leverage concentration by price range (not already-liquidated positions)
👉 This is a risk map, pointing out zones where the market could "ignite" if price moves into them.
🔥 HIGH-RISK PRICE ZONES
📍 $3,610 – $3,670: Dense cluster of Long positions. If ETH drops into this zone, it may trigger a liquidation cascade.
📍 $3,880 – $3,940: Contains a notable amount of Short positions. If ETH climbs past this area, a short squeeze could drive strong upside.
📍 Below $3,600: Many Longs still open. Losing this level could unleash further downside.
📈 PRICE ACTION & SIGNALS
🔻 Below $3,821: Longs remain at risk → potential for selling pressure if price slips
🔺 Above $3,821: Shorts are exposed → price breakout above $3,880 could spark forced buying
💡 POTENTIAL SCENARIOS
➡️ Break above $3,880: Likely to trigger a short squeeze and fast upside
➡️ Drop below $3,610: Risk of Long liquidations and short-term price drop
⚠️ REMINDER
🔸 This chart does not reflect past liquidations
🔸 It maps out still-open positions that represent potential market pressure points
📍 Source: Coinglass – real-time data
