Ethereum key price level liquidation warning: falling below 3200 or rising above 3400 will trigger a massive liquidation wave

【Blockchain Rhythm】 According to the latest data from Coinglass, Ethereum faces significant liquidation risks near key price levels.

Specifically, if Ethereum’s price drops below $3200, the cumulative long liquidation intensity on major exchanges will surge to $8.02 billion. Conversely, if Ethereum breaks above $3400, the short liquidation intensity will reach $10.11 billion.

What does this mean? In simple terms, the higher the liquidation intensity, the more intense the liquidity shock when prices reach these levels. When the price approaches these critical points, a large number of stop-loss and forced liquidation orders will be triggered, creating a chain reaction.

It is worth noting that the data on the liquidation chart does not precisely show the number of contracts pending liquidation or the specific liquidation amounts, but rather measures the “importance” of liquidations across different price ranges. The taller the column, the stronger the market impact when the price reaches that level. In other words, a towering liquidation column indicates that liquidity waves will be more turbulent, potentially causing more intense price fluctuations.

For traders, both of these price levels ($3200 and $3400) are worth close attention.