What happens if Ethereum drops below 2900 or breaks above 3100? An overview of liquidation intensity on major exchanges

【Blockchain Rhythm】The price movement of Ethereum is affecting the entire market’s nerves. According to liquidation data, where are the current risk points?

First, look at the bearish risk: if Ethereum falls below $2900, long positions on mainstream exchanges will suffer—cumulative liquidation strength will reach around 527 million. In other words, once it drops to this level, there will be a wave of concentrated long liquidations.

Next, consider the bullish opportunities and risks: conversely, if Ethereum breaks above $3100, the short positions will be in danger. The scale of liquidation will be even larger—the cumulative liquidation strength reaching 1.239 billion. This indicates that the resistance above is not easy to overcome.

But here’s a key point to understand: the liquidation strength chart does not show the exact number of contracts or the precise value being liquidated, but rather a measure of “strength” that indicates relative importance. The taller the bar, the more intense the liquidity impact when the price hits that level. In other words, a tall bar means that when the price reaches that point, it will trigger a stronger market reaction—like toppling dominoes, the bigger the initial move, the more vigorous the subsequent response.

Therefore, traders need to be alert to these key price levels, as they often serve as trigger points for chain reactions of liquidations.