Recently, the attention on the cryptocurrency market has continued to rise, and the price trend of Ethereum ( ETH ) is particularly noteworthy. According to the latest data analysis, the fluctuation of Ethereum's price may have a significant impact on the market.

If the price of Ethereum falls below $4300, the cumulative long positions on the major centralized exchange (CEX) may face liquidation risks of up to $922 million. Conversely, if the price of Ethereum breaks through the $4600 barrier, the potential liquidation scale for short positions could reach an astonishing $1.986 billion.

It is worth noting that these data do not represent the exact number or value of contracts to be settled. In fact, these figures reflect the potential impact on the market at different price ranges. In other words, they represent the possible intensity of market reactions when prices reach specific levels.

The height of the bars in the liquidation chart represents the relative importance of each price point. The taller the bar, the more likely it is to trigger a more intense market reaction when the price reaches that level, mainly due to a sudden change in liquidity.

This analytical method provides valuable insights for investors and market observers, helping to understand the chain reactions that price changes may bring. However, market participants must remain cautious, as the high volatility of the encryption market means that situations can change at any moment.

As the Ethereum ecosystem continues to develop and improve, its price trend will remain a focal point of close attention in the cryptocurrency world. Investors and analysts are closely monitoring this important indicator to assess the overall health of the cryptocurrency market and its future direction.