TheGoldenRoosterAnnouncesThe
There is interesting market data worth noting on January 5th. According to on-chain data, changes at key price levels of Ethereum will directly impact the liquidation strength on major exchanges.
Specifically: if Ethereum can break through the key resistance of $3,300, the accumulated short liquidation scale will reach $794 million. This means short sellers will face significant pressure.
Conversely, if Ethereum drops below the $3,000 support level, long positions will face $1.122 billion in liquidations. That’s quite a substantial figure.
The liquidation strength differences in both direction
Specifically: if Ethereum can break through the key resistance of $3,300, the accumulated short liquidation scale will reach $794 million. This means short sellers will face significant pressure.
Conversely, if Ethereum drops below the $3,000 support level, long positions will face $1.122 billion in liquidations. That’s quite a substantial figure.
The liquidation strength differences in both direction
ETH-0,46%

