Ethereum price movements could trigger major liquidation waves across centralized exchanges. Market data from Coinglass reveals critical liquidation thresholds: a drop below $2,805 would ignite approximately $837 million in long position liquidations, while a surge above $3,100 could spark around $723 million in short position liquidations. With ETH currently trading near $2,310, traders face considerable margin pressure in both directions. These price levels remain key zones to monitor, as even moderate volatility could trigger cascading liquidations in overleveraged positions. The concentration of liquidation risk underscores the importance of position management in the current market environment.