Data from Coinglass reveals critical liquidation levels for ETH trading activity. If Ethereum drops to $2,767, the aggregate long liquidation exposure across major centralized exchanges will reach $1.379 billion. On the flip side, should ETH surge past $3,052, cumulative short liquidation volume on leading platforms will hit $1.158 billion. Current ETH price sits at $1.97K (as of Feb 16, 2026), positioning the market below the lower liquidation threshold. These price levels represent key technical zones where significant liquidation cascades could occur, making them important reference points for traders monitoring leverage positions across the ecosystem.