Ethereum's $5 billion liquidation wave hides a crisis! $ETH

Recently, the Ethereum market has stirred up huge waves, with monitoring showing its liquidation scale approaching $5 billion, and the current market price hovering around $4200. More critically, dense liquidation clusters have formed at $2150 - $2160 and $3940, hinting at a potential 'powder keg' of long and short positions. Analyst Andrew Kang warns: large-scale long liquidations could drag ETH down to the $3200 - $3600 range!

The leverage game in the crypto market is heating up, and the chain reaction of the liquidation wave should not be underestimated. Currently, ETH is caught in a tug-of-war between long and short positions, and the defense and offense at critical price levels may trigger price volatility. Investors need to be cautious of liquidation risks, closely monitoring capital flows and sentiment changes—this 'long-short battle' has every step pulling the market's nerves!