ETH Price Drop Below $3,312 Could Trigger $1.9 Billion Long Order Liquidations on Major CEXs

Key Points

1. ETH's critical support level at $3,312 triggers massive liquidation events, with $1.907 billion in long positions at risk.

2. Long positions on major centralized exchanges rapidly unwind when ETH drops below $3,312, amplifying downward pressure.

3. High liquidation volumes at this price level signal market stress points and potential cascading sell-offs.

4. Monitoring liquidation intensity helps traders assess risk and anticipate price swings during volatile market conditions.

5. The $3,312 level is a key threshold where market sentiment can shift rapidly, impacting trading strategies.