Ethereum traders should note a pair of pivotal levels highlighted by COINOTAG News, citing Coinglass data. A decisive move above $3200 could push the total liquidation strength of major CEX short positions toward $746 million, while a slide below $3050 may trigger about $573 million in long-position liquidations.

The COINOTAG note clarifies that the liquidation chart does not disclose exact contract counts; bars indicate the relative importance of each cluster, i.e., the strength of the move. In essence, a higher liquidations bar signals a higher likelihood of intensified moves when the target price is reached, driven by liquidity cascades.

Market participants should monitor these levels as part of a disciplined risk framework. The cross-check from Coinglass and COINOTAG offers a credible read on Ethereum’s liquidity dynamics, supporting hedging decisions and scenario planning without asserting certainty about future trades.