Ethereum Price Watch: Key Liquidation Levels at $4100 and $4400 Impacting CEXs

COINOTAG reports on August 19th that according to Coinglass data, should Ethereum dip below $4100, the total long liquidation pressure across major centralized exchanges (CEXs) is projected to hit $1.392 billion. Conversely, a rise above $4400 could trigger a cumulative short liquidation totaling $1.564 billion. It is vital to note that the liquidation chart does not specify the exact number of contracts at risk or their corresponding values; rather, it highlights the significance of each liquidation cluster in relation to others. Consequently, the visualization indicates the potential impact on market conditions when significant price levels are approached. A heightened liquidation bar suggests that the market may respond more robustly to price movements, reflecting an increase in liquidity and trading activity.