If Ethereum’s price drops below $2600, it is anticipated that cumulative short liquidation pressure on mainstream centralized exchanges will rise to $993 million. This situation reflects the potential financial implications for traders involved with Ethereum as it approaches this critical price point. The considerable liquidation pressure indicates a heightened level of market volatility and risk for those holding short positions. As traders monitor Ethereum’s price movements, the possibility of significant financial losses becomes a concern, prompting a cautious approach among market participants.
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