Coinglass analytics reported that, based on orderbook and derivatives positioning aggregated across mainstream CEXs, a breakout of Ethereum above $4,400 corresponds to a projected short liquidation strength near $1.703 billion, while a drop beneath $4,100 aligns with an estimated long liquidation strength of approximately $2.001 billion.

The published liquidation chart is constructed to represent the relative strength of liquidation clusters rather than the precise count of contracts or exact notional values; bars illustrate comparative pressure across adjacent price bands derived from pooled exchange data.

Market practitioners should interpret taller liquidation bars as indicators of heightened susceptibility to amplified moves via a liquidity cascade, reflecting where concentrated derivative exposure could materially influence price execution on mainstream CEXs.