Ethereum market is surging, breaking through $3,800 may trigger a short collapse!
According to Coinglass data, the current key price range of Ethereum has gradually surfaced. If ETH breaks through $3,800, shorts on mainstream exchanges will face up to $769 million in liquidation pressure, which means that a wave of fierce short cleaning may be triggered, and the market will see a large-scale liquidity shock! On the contrary, if the price falls below $3,600, longs will also face $458 million in liquidation, which may trigger a reverse liquidity crisis and further push down prices.
But it is worth noting that the liquidation chart does not accurately predict the amount of each contract liquidation, but reflects the impact of price fluctuations on market liquidity and sentiment. When the price approaches a certain key point, the market reaction may accelerate. The higher the liquidation column, the stronger the market shock once the price is touched.
At present, the market is changing, and ETH's breakthrough point is your signal for operation! Pay attention at any time and act at any time!
Lao Chen will take you to grasp the key opportunities, follow me, and be at the forefront of the market!
