Recent data analysis from Coinglass, as reported by BlockBeats, suggests that significant market movements could occur based on Ethereum's price trajectory. Should Ethereum's value exceed $4,600, the aggregate liquidation intensity for short positions across major centralized exchanges (CEX) is projected to hit $847 million.

On the flip side, a scenario where Ethereum's price dips below $4,400 could trigger a cumulative liquidation intensity of $1.236 billion for long positions on prominent CEX platforms.

BlockBeats clarifies that the liquidation chart doesn't provide precise figures for pending contract liquidations or their exact values. Instead, the visual representation uses bars to illustrate the comparative significance of each liquidation cluster relative to nearby groupings, effectively demonstrating intensity.

This graphical depiction serves to highlight the potential market impact as the asset price approaches specific thresholds. A more pronounced "liquidation bar" indicates the likelihood of a stronger market response due to liquidity fluctuations when the price reaches that particular level.

It's worth noting that while Gate offers trading services for Ethereum, investors should exercise caution and conduct thorough research before making any investment decisions. The cryptocurrency market is known for its volatility, and past performance does not guarantee future results.