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Ethereum Key Level Liquidation Intensity Analysis: Market Risks at $2900 and $3100
【Blockchain Rhythm】Take a look at these two key price levels for Ethereum. According to Coinglass data, if Ethereum drops below $2900, the liquidation intensity of long positions on major exchanges will accumulate to 8.74 billion. Conversely, if it breaks above $3100, the liquidation intensity of short positions will reach 6.46 billion.
Let me explain the logic behind the liquidation chart—it’s not showing the exact number of contracts to be liquidated or precise liquidation amounts, but rather the relative importance of each liquidation zone compared to its surroundings. In simple terms, it’s a comparison of strength.
From a different perspective: the liquidation chart reflects how the market will be affected when the price reaches a certain level. The taller the bar, the more intense the market reaction when the price hits that point, due to liquidity shocks. So these two numbers are essentially telling you—if these lines at 2900 and 3100 are truly triggered, how strong the market volatility could be.