As reported by COINOTAG on August 18th, **Ethereum** faces significant market dynamics, with futures and liquidations poised for major shifts. Data from **Coinglass** indicates that a decline below **$4200** could precipitate a cumulative long liquidation totaling **$520 million** across top centralized exchanges (CEX). Conversely, a breakout above **$4450** would trigger a substantial short liquidation, amounting to approximately **$801 million** in the same ecosystem.
Itβs essential to note that the liquidation chart visualizes the **intensity** of potential liquidations rather than providing specific figures on contract numbers. The bars on the chart symbolize the relative importance of liquidation clusters, highlighting how price movements could incite a **liquidity cascade**. A pronounced bar signals that price levels hit could unleash significant market reactions, reflecting intricate trader positioning within the **Ethereum** market.
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Source: https://en.coinotag.com/breakingnews/ethereum-price-alert-key-levels-for-long-and-short-liquidations-revealed/