Ethereum Breakthrough Imminent: Key Liquidation Data at $2850 and $3050 Levels

robot
Abstract generation in progress

【Blockchain Rhythms】There are two critical threshold points in Ethereum price movements that are worth paying attention to. According to the latest data from Coinglass, if Ethereum falls below the support level of $2850, the liquidation intensity of long positions on mainstream CEXs will surge to 7.71 billion. Conversely, if Ethereum breaks above $3050, the liquidation intensity of short positions will reach 10.83 billion.

What do these numbers represent? In fact, liquidation data does not precisely calculate how many contracts will be closed or the exact value being liquidated. The bars on the liquidation chart show the relative importance of different liquidation clusters—i.e., their strength. In other words, it tells you how much impact the market will experience when the price moves to a certain level. The taller the bar, the more intense the liquidity wave will be once the price reaches that level. This provides some reference for short-term trading strategy formulation.

ETH0,17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
WagmiWarriorvip
· 01-23 14:01
2850 and 3050 are the bomb cache locations. Don't tell me you haven't looked at the liquidation chart yet.
View OriginalReply0
CryptoSurvivorvip
· 01-23 02:56
Putting in 2850 makes me want to cry, over 700 million in big orders exploding at once? This wave of momentum is so exciting
View OriginalReply0
ConsensusBotvip
· 01-23 02:56
Between 2850 and 3050, there's a trap of over 1 billion in liquidation bombs. No matter how this wave of market moves, you’re bound to step into a pit.
View OriginalReply0
PumpDetectorvip
· 01-23 02:53
ngl the liquidation cascade at 3050 is where smart money gets nervous... been here before, different ticker same bloodbath
Reply0
ForumLurkervip
· 01-23 02:43
How many people got liquidated at 2850? This time it's really tense.
View OriginalReply0
IntrovertMetaversevip
· 01-23 02:39
The short positions on 3050 are piling up so aggressively; it might just be another wave of breaking through the sky.
View OriginalReply0
SleepyArbCatvip
· 01-23 02:33
The two points at 2850 and 3050... Hmm, about a two hundred dollar difference, and the liquidation strength contrast is so significant. The bears are clearly gathering strength in this wave.
View OriginalReply0
FunGibleTomvip
· 01-23 02:26
Breaking below 2850 is a massacre for the bulls, while breaking above 3050 forces the bears to run. Both levels are waiting for a major liquidation.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)