According to the latest market analysis, the price trend of Ethereum (ETH) is affecting the nerves of the cryptocurrency market. Data shows that if the ETH price breaks through the key threshold of $4,760, it could trigger a large-scale short position liquidation, involving an amount as high as $2.489 billion. This situation may have a significant impact on the market.

At the same time, the market also faces downside risks. If the ETH price falls below $4,309, bullish investors will also face immense pressure, with an expected liquidation scale of about $1.121 billion. This bidirectional risk highlights the high volatility of the current encryption currency market.

Analysts point out that this significant disparity in liquidation scale reflects the current market sentiment leaning towards optimism, with most investors holding a positive attitude towards the rise in ETH prices. However, some experts warn that such a large-scale potential liquidation could trigger a chain reaction, exacerbating market volatility.

As market attention increases, investors are closely watching every price fluctuation of ETH. Whether it breaks upward or falls below key support levels, it could trigger a series of market reactions. In this complex market environment, investors need to remain vigilant and manage risks wisely.