Ethereum short liquidation metrics from Coinglass indicate that a move above $4400 would align with a cumulative short liquidation intensity of approximately $709 million across major CEXes.
By contrast, Coinglass data show that a drop of Ethereum below $4200 would correspond to a cumulative long liquidation intensity near $1.96 billion on mainstream centralized exchanges.
The published liquidation chart represents relative cluster intensity rather than exact contract counts or precise liquidation values; taller bars suggest a stronger potential price reaction driven by a liquidity cascade when those levels are reached.