Coinglass Warns: Ethereum Rebound Above $4,500 Could Trigger $1.284B Short Liquidations — Drop Below $4,300 Risks $1.15B Long Liquidations on Major CEXs

COINOTAG, citing Coinglass data on October 2, reports that if Ethereum rebounds above $4,500, the cumulative **short liquidation intensity** across major centralized exchanges (CEXs) would reach approximately $1.284 billion, indicating a concentrated pool of stop-loss orders and margin shorts vulnerable to forced exits.

Conversely, the same dataset shows that a drop below $4,300 would concentrate roughly $1.150 billion in cumulative **long liquidation intensity** on mainstream CEXs, highlighting potential pressure points for leveraged long positions rather than predicting price direction.

The liquidation chart visualizes relative cluster intensity rather than exact contract counts or notional values; higher bars denote stronger anticipated market reactions from a liquidity surge at those price levels, offering traders a gauge of where order-book stress may amplify volatility.