According to Coinglass data cited by COINOTAG on August 26, if Ethereum declines below $4,300 the cumulative long liquidation strength across major CEXs would reach approximately $922 million, while a breach above $4,600 would elevate cumulative short liquidation strength to about $1.986 billion.
Coinglass’s liquidation chart conveys relative cluster strength rather than exact contract counts or notional values; higher bars signal greater price sensitivity driven by a potential liquidity cascade. Traders and risk managers should treat these levels as concentration indicators of execution pressure on Ethereum pricing, not precise liquidation tallies, and incorporate them into position-sizing and hedging decisions.