Ethereum approaches a key price level: an overview of long and short liquidation pressures across major exchanges

According to on-chain data tracking platforms, Ethereum’s current price is $3.21K, just one step away from the key support level of $3000. Based on real-time liquidation monitoring data, once ETH hits the psychological barrier of $3000, the liquidation strength of long positions across major exchanges will surge to 1.001 billion. This indicates that liquidations of long positions near this price level could trigger a concentrated liquidity shock.

Conversely, if Ethereum breaks above the $3300 resistance level, the liquidation pressure on shorts should not be underestimated, with the total short liquidation strength across major exchanges reaching 638 million.

How to Understand Liquidation Strength Data

It is important to note that liquidation strength does not precisely calculate the number of contracts or specific liquidation amounts at a certain price level. Instead, it visualizes the relative risk density at various price points through “liquidation columns” — the taller the column, the more concentrated the liquidity withdrawal risk at that price.

When the price moves into these high-intensity liquidation zones, the positions being liquidated can cause chain reactions in the market, potentially leading to further price volatility. Denser liquidation columns often imply that reaching these levels will trigger stronger market shocks.

For traders, this type of data provides a risk warning reference, helping to understand the market’s vulnerability at specific price levels.