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Could Ethereum Reach $2,900? Implications for the Market

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by Giorgi Kostiuk

8 hours ago


Ethereum's potential rise to $2,900 could trigger significant liquidations amounting to $1.31 billion across centralized exchanges.

Impact on the Cryptocurrency Market

Breaking the $2,900 mark for Ethereum may have substantial effects on the cryptocurrency market. Coinglass data indicates that if ETH surpasses this level, the cumulative short liquidation pressure on centralized exchanges could surge to $1.31 billion.

Industry Responses

Key industry figures such as Vitalik Buterin and representatives from major exchanges like Binance have not issued direct statements regarding this scenario. However, the implications could be significant, affecting ETH and potentially the broader cryptocurrency market.

Market Analysis and Historical Context

Market analysts note that surpassing the $2,900 threshold could lead to heightened volatility across cryptocurrency markets. An upward shift in ETH often correlates with a rise in altcoins, amplifying market activity and potentially leading to cascading liquidations in different digital assets. Historically, liquidation events at major resistance levels have caused significant market disruptions. A previous market crash in February 2025 had a considerable impact, highlighting the potential for major financial shifts when liquidation clusters occur, particularly affecting ETH and correlated assets.

Possible outcomes of this price movement include increased institutional activity and regulatory interest. Data and historical trends suggest continued vigilance around ETH’s price levels due to their widespread market implications.

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