Ethereum: Break Above $4,500 Could Trigger $424M Short Liquidations — Drop Below $4,200 Risks $1.285B in Long Liquidations (Coinglass)

COINOTAG reports, citing Coinglass data, that if Ethereum surpasses $4,500 the aggregated short liquidation intensity across major CEXs would register approximately $424 million, while a drop below $4,200 would correspond to aggregate long liquidation intensity of about $1.285 billion.

The published liquidation chart reflects relative cluster intensity rather than precise contract counts or nominal liquidation values; its bars measure the comparative significance of adjacent liquidation pockets and map where liquidity is concentrated.

As a market metric, the chart highlights zones where a pronounced liquidity cascade could amplify price impact; institutional and retail participants can use these liquidation signals to better quantify execution and margin risk without treating the figures as exact contract tallies.