Critical Liquidation Levels on Ethereum!
While the ETH price fluctuates around the $2,197 level, the liquidation map shows serious congestion:
📍 $388 million worth of long positions are at risk at the $1,933 level.
📍 At the $2,525 level, a $2.82 billion short position is waiting at the edge.
This situation tells us two things:
1️⃣ Longs are very close to panicking.
2️⃣ On the short side, there is a huge potential for an explosion.
So, a spark on one side could have a domino effect on the entire market.