🔥 Liquidation Tension Rising on Ethereum!
ETH is currently fluctuating around the $3,639 level.
However, this calm could be the calm before the storm. Leveraged positions have reached critical thresholds.
📊 According to Coinglass data:
– Short liquidation risk: $2.96B (threshold: $4,101)
– Long liquidation risk: $2.24B (threshold: $3,259)
In an upward breakout, a move toward the $4,100 region could trigger a chain reaction of short liquidations.
On the downside, long positions are at risk around the $3,250 level.
In total, nearly $5 billion in leveraged positions are poised to be triggered.
A sudden move within this narrow range could create a domino effect in the market.
💬 So, which direction do you think $ETH will take?
Will it surge upward or plummet downward? Share your thoughts in the comments below 👇
