The current price of Ethereum at $4,639 indicates significant liquidation points for both long and short positions. This article analyzes key levels and their impact on the market movement.
Overview of Liquidations
According to liquidation data from Coinglass, Ethereum's price has settled at $4,639. This level acts as a technical midpoint between substantial clusters of long and short liquidations across major derivatives exchanges.
Dynamics of Long and Short Positions
The graphs indicate that the cumulative long liquidation curve sharply declines below $4,600, suggesting reduced pressure from forced long position closures. Conversely, short positions show an increase in liquidations above $4,674, creating a dense liquidation zone.
Price Movement Prospects for Ethereum
Should the price move above $4,674, a sequence of forced closures from short sellers may occur, leading to upward price action toward the $4,800–$5,000 range. The market remains in a technically compressed zone where downside risks appear limited.
The analysis of Ethereum liquidations highlights both long and short risks. Subsequent price movements will be influenced by breaks above $4,674 or drops below $4,528.
