As reported by COINOTAG on August 18th, **Ethereum** faces significant market dynamics, with futures and liquidations poised for major shifts. Data from **Coinglass** indicates that a decline below **$4200** could precipitate a cumulative long liquidation totaling **$520 million** across top centralized exchanges (CEX). Conversely, a breakout above **$4450** would trigger a substantial short liquidation, amounting to approximately **$801 million** in the same ecosystem.
It’s essential to note that the liquidation chart visualizes the **intensity** of potential liquidations rather than providing specific figures on contract numbers. The bars on the chart symbolize the relative importance of liquidation clusters, highlighting how price movements could incite a **liquidity cascade**. A pronounced bar signals that price levels hit could unleash significant market reactions, reflecting intricate trader positioning within the **Ethereum** market.