Amid the current movements of the Ethereum market, high fluctuations are observed, which could trigger large-scale revaluations of positions on leading CEXs. According to ChainCatcher, the current price dynamics create critical levels for clearing.
If Ethereum drops below $3,100, all long positions on major cryptocurrency exchanges will face liquidation of $427 million. On the other hand, if the price exceeds $3,300, the volume of forced short position closures will reach $885 million.
At the moment, Ethereum is trading at $2,640, which means that, besides traders sensitive to price changes, m
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