Ethereum Price Surge: Key Levels Threatening $1.421 Billion in Short Liquidations

According to recent insights from COINOTAG News dated August 16, Ethereum is at a critical juncture as it approaches key price levels. Analysis from Coinglass indicates that should Ethereum surpass the significant threshold of $4550, it could trigger a total short liquidation of approximately $1.421 billion across major centralized exchanges (CEXs). Conversely, a decline below $4350 may lead to a staggering $1.263 billion in long liquidations. It’s important to note that the provided liquidation charts serve as a gauge of the potential market impact rather than precise figures. The visual data illustrates the relative significance of liquidation clusters, with taller bars representing increased volatility potential. Traders and investors should remain vigilant as these price levels could incite a liquidity cascade, further intensifying market conditions.

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