Let the data speak for itself, this ETH market is a bit exciting ---
If Ethereum can really break through $4400, then there will be a good show to watch! The short positions in mainstream centralized exchanges alone would be liquidated for nearly $930 million, $928 million to be precise, and it hurts to think about this loss!
But conversely, if ETH can't hold on and falls below $4200, then the bulls will be crying in the bathroom, and positions worth about 700 million (705 million to be exact) will be forcibly liquidated. This loss is also enough to make you suffer.
Maybe some people don't understand what a liquidation chart is? To put it bluntly: the higher the bar, the more tragic the liquidation scene when the price really hits that position. It's like a 'powder keg' buried in the market, and it will explode at the touch of a button!
Sister C stared at the market for a long time, and now ETH is being held in the narrow range of 4200 to 4400, and it's hard to move. These two price points are too critical - above 4400 is the 'crematorium' for shorts; below 4200 is the 'guillotine' for bulls. Both sides are piled with large positions waiting to be forcibly liquidated.
Next, no matter which side the price rushes to, it will definitely trigger a chain of liquidations, like setting off firecrackers. Moreover, this chain reaction will push the price to rush in that direction even more violently, which is the so-called 'extremely strong liquidity reaction'.
In short, the two hurdles of 4200 and 4400 are now the 'lifeline' of ETH! Once the price gets close to these two positions, the market volatility is bound to increase. Either the shorts will be blown up to the sky, or the bulls will be smashed into the ground, so everyone must keep an eye on it!
