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According to the latest data from Coinglass, Ethereum is facing two key technical levels.
Once ETH breaks above $3,274, the total open short positions on mainstream centralized exchanges will surge to around $1.382 billion. Conversely, if Ethereum drops below $2,963, the short position pressure there will decrease to $1.115 billion.
These two figures reflect the market's disagreement on Ethereum's short-term trend — how strong the resistance from shorts above and the support from longs below are. For traders, these price levels and the corresponding position data are important references for observing market sentiment and liquidity distribution.