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Recently, there is some liquidation data regarding ETH that is worth paying attention to. Based on on-chain data statistics, the current situation is as follows—
If Ethereum drops below $2,801, the liquidation of long positions accumulated on mainstream exchanges will be very intense, reaching a scale of $571 million. In other words, once this support level is broken, a large number of long orders will be forcibly liquidated.
Conversely, if ETH can hold above $3,068, the liquidation pressure from the shorts will come—cumulative liquidation strength will reach around $530 million. This indicates that above this price level, the defense from short positions is also quite formidable.
In simple terms: the price levels around $2,800 and $3,000 are quite sensitive, corresponding to the liquidation risks for both longs and shorts. Such data can serve as key reference points for short-term traders.