The complete analysis of the liquidation risks at the key price levels of Ethereum 2900 and 3100 USD.

2025-12-23 05:04:12

According to the latest data from Coinglass, Ethereum is facing significant liquidation pressure at critical price levels.

If Ethereum falls below $2900, the cumulative long liquidation intensity on mainstream CEXs will reach 630 million. This means that once the price hits this lower support, it will trigger a large-scale liquidation of long positions.

On the flip side, if Ethereum breaks through 3100 USD, the intensity of liquidations for short positions on mainstream CEX will reach 918 million. A breakout above will also lead to a severe short squeeze.

Many people easily misinterpret the liquidation chart. These numbers do not represent the exact number of contracts to be liquidated, nor do they reflect the specific value being liquidated. The bars on the liquidation chart actually display the relative importance of each liquidation cluster in relation to the neighboring liquidation clusters — what we refer to as “strength”.

In other words, the liquidation chart reflects the extent to which the market will be impacted when the price reaches a certain level. The taller the column, the stronger the reaction will be once the price reaches it due to the liquidity wave, which may exacerbate price volatility. This is particularly noteworthy for short-term traders—when positioning above or below these key levels, both risks and opportunities are often amplified.

ETH-0.34%

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GateUser-a606bf0c

· 1h ago

Damn, these two points at 2900 and 3100 are so fierce. Are both bulls and bears about to get crushed? Better be careful.

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DevChive

· 20h ago

It's so tightly squeezed between 2900 and 3100, how can the contract guys play? Just wait to be squeezed to death.

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fork_in_the_road

· 12-23 05:34

The price levels of 2900 and 3100 are indeed the places where one risks serious losses; a rise or fall in either price will cause casualties.

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quietly_staking

· 12-23 05:28

2900 and 3100 are in between, both bulls and bears will suffer.

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SchrodingerWallet

· 12-23 05:28

2900 and 3100 are stuck in the middle, both short positions and long positions will suffer losses, contract players need to stay alert these days.

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AirdropAutomaton

· 12-23 05:27

630 million and 918 million, these numbers look scary at first glance, but most people probably misunderstand them. It seems that every time someone takes the liquidation intensity as the actual money to get liquidated, if you don't understand, just don't operate recklessly. 2900 and 3100 are stuck like this, it seems the market maker has already set it up.

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