Ethereum Liquidation Alert: Under $3,700 Triggers $408M Long Impact — Above $4,000 Could Unleash $1.208B Short Cascade (Coinglass Data)

COINOTAG reports that Coinglass data indicates a potential cumulative long liquidation intensity near $408 million if Ethereum were to dip below $3,700, while a breach above $4,000 corresponds to an estimated cumulative short liquidation intensity around $1.208 billion across major CEXs. The platform’s liquidation diagram represents relative liquidation intensity, not precise contract counts or exact fiat values, and should be interpreted as the expected market impact of price levels rather than definitive loss figures. A taller liquidation bar signals a greater likelihood of a liquidity cascade and amplified orderbook stress at that price point. Market participants are advised to incorporate these intensity metrics into their risk management frameworks while corroborating with order-book and funding-rate data.