Ethereum Faces $1.1 Billion Long Liquidation if $2400 Breaks

Doohyun Hwang

Summary

It was stated that if Ethereum (ETH) falls below $2400, a long position liquidation of approximately $1.12 billion is expected.
If the price surpasses $2600, a short position liquidation of about $818 million is anticipated.
Currently, Ethereum is trading at around $2460, experiencing fluctuations.

Ethereum (ETH) is expected to face a massive long position liquidation if it falls below $2400.

According to data from CoinGlass on the 10th (local time), if Ethereum's price drops below $2400, the cumulative long position liquidation on major centralized exchanges is expected to reach approximately $1.12 billion. Conversely, if Ethereum surpasses $2600, the short position liquidation is estimated to reach around $818 million.

In the actual market, fluctuations continue. On this day, Ethereum once rose to $2608 before reversing to a downward trend, currently trading at around $2460, down 4.5% from the previous day.

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