Ethereum short liquidations on major CEXs could hit $515M near $3,400

Ethereum rising above $3,400 would trigger an aggregated short liquidation intensity of $515 million on major centralized exchanges, Coinglass data cited by BlockBeats show on December 10. A drop below $3,200 would be associated with a combined long liquidation intensity of $1.195 billion on these platforms. BlockBeats noted the liquidation chart reflects relative intensity of each cluster rather than exact contract values, with higher bars indicating stronger potential market reactions once price reaches those levels.