Ethereum could face heavy liquidation activity on major centralized exchanges if it moves beyond two price thresholds, according to Coinglass data.

According to ChainCatcher, Coinglass estimates that if ETH falls below $1,590, cumulative long liquidation intensity across major CEXs would reach $767 million.

If ETH rises above $1,756, cumulative short liquidation intensity across major CEXs would reach $701 million.

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