Ethereum market dynamics have attracted attention: According to Coinglass data, if the price of Ethereum breaks through $3,800, the short order liquidation intensity of mainstream centralized exchanges (CEX) will reach $521 million, showing the market's strong reaction to price increases. On the contrary, if the price falls below $3,600, the long order liquidation intensity will reach $652 million. The liquidation chart does not show the exact number of contracts, but reflects the potential impact of price changes on market liquidity. The higher the liquidation column, the stronger the market reaction.