Current ETH snapshot: Ethereum is trading around $2,807.29 (as of today)
Key liquidation thresholds you mentioned:
If ETH > $2,937 → $837 M in short positions could get liquidated on major CEXs.
If ETH < $2,659 → $725 M in long positions could get liquidated on major CEXs.
What this means for the market:
These price points act like “tripwires”: a surge past $2,937 could force a lot of short sellers to cover (potentially pushing price up), while a drop below $2,659 could trigger a wave of long liquidations (possibly driving price down).
Right now $ETH is sitting between those levels, so the next move will be crucial. Keep an eye on support around $2,659 and resistance near $2,937 for signs of volatility.
What you can watch:
Support & resistance: Key zones are $2,659 (downside) and $2,937 (upside). A break either way could lead to sharp moves due to the liquidation cascades mentioned.
Market sentiment: Monitor news or large trades that could push ETH toward these thresholds, as they may signal upcoming volatility.
If you’re trading or tracking ETH, staying alert around these levels can help you anticipate potential market swings. Let me know if you want more details on how to set up alerts or what indicators to watch! #ETH #Binance #BTCRebound90kNext? #ProjectCrypto