If Ethereum surpasses the $4,000 mark, the cumulative short liquidation pressure on mainstream centralized exchanges (CEX) is projected to hit $1.567 billion. This significant figure indicates the potential impact on market dynamics as Ethereum approaches this critical price level. Traders who have taken short positions may face increased liquidation risks, which could further influence Ethereum’s price movement. The interaction between short liquidations and price increases often leads to heightened volatility in the cryptocurrency market. As Ethereum continues to gain traction, market participants are closely monitoring these developments.
