According to data, the Ethereum liquidation scale has approached 5 billion USD, with the current ETH trading price around 4200 USD. The market has formed large-scale liquidation clusters at the 2150 - 2160 USD and 3940 USD price levels, which means that when the price reaches these key points, a large number of leveraged positions are triggered to close.

Andrew Kang warns that if the large-scale long liquidation continues, the ETH price may be dragged down to the 3200 - 3600 USD range. In the #cryptocurrency #blockchain market, the chain reaction caused by high leverage liquidations amplifies price fluctuations, posing significant risks to #investment and wealth management. For participants focusing on the #web3 ecosystem and ETH asset allocation, it is important to be vigilant about liquidation-driven downward price pressure, closely monitor key price level breakthroughs and capital flows, and manage positions and risk exposure reasonably. #ETH质押退出动态观察