According to the latest statistics from the on-chain data tracking platform, Ethereum is facing significant liquidation pressure in several key price ranges.

If ETH breaks above the resistance level of $3,369, the short positions on mainstream centralized exchanges will face concentrated liquidations, with total liquidation strength potentially reaching $1.402 billion. This means that once the breakout is successful, short traders will endure substantial stop-loss pressures, which could further drive up the price.

Conversely, if Ethereum falls below the support level of $3,056, long position holders will face large-scale stop-losses. Data shows that at this point, long liquidation strength could accumulate to $1.289 billion, a magnitude sufficient to cause a significant market impact.

The $313 fluctuation range between these two price levels has become the current core battleground in the market. Whether breaking upward or downward, it is very likely to trigger a chain reaction of liquidations — which is precisely why these critical levels always attract a lot of trader attention. For short-term traders, monitoring these liquidation strength data can help assess potential market breakout directions and risk points.