Ethereum Faces $771M Long Liquidation Risk Below $2,850; $1.083B Shorts Vulnerable Above $3,050

Ethereum is poised for significant market volatility, with Coinglass data indicating substantial liquidation thresholds. On January 23, a price drop below $2,850 could trigger cumulative long liquidations totaling $771 million across major centralized exchanges. Conversely, an upward movement beyond $3,050 is projected to activate an estimated $1.083 billion in aggregate short liquidations on these platforms. BlockBeats further clarifies that these liquidation charts reflect the relative intensity of each price cluster, rather than exact contract counts, with higher bars signifying stronger potential market reactions due to concentrated liquidity flows at those specific price levels.