According to the latest market data analysis, the price trend of Ethereum (ETH) has attracted significant attention from investors. If the ETH price breaks through the $3900 barrier, short positions on major Centralized Exchanges (CEX) could face liquidation risks of up to $1.562 billion. Conversely, if the ETH price falls below the $3700 support level, long positions could encounter liquidation pressure of about $1.095 billion.

This clearing data reflects the sensitivity and potential volatility of the market. It is worth noting that the clearing chart does not accurately display the number or specific value of contracts pending clearance, but rather presents the potential impact at different price points through relative intensity. In other words, the peak areas on the chart indicate that when the price reaches a certain level, it may trigger a more intense market reaction and liquidity shock.

Currently, the price of Ethereum is in a key range, and any significant breakthrough or fall between 3700-3900 USD could trigger a chain reaction. This situation not only affects investors directly participating in the exchange but may also have a ripple effect on the entire cryptocurrency ecosystem.

Market participants should closely monitor this price range and adjust their strategies according to their risk tolerance. At the same time, this potential large-scale liquidation also highlights the high-risk characteristics of the cryptocurrency market, reminding investors to operate cautiously and manage their positions wisely.

As the market continues to evolve, clearing risk will remain one of the focal points for traders and analysts. The price trend of Ethereum in the coming days will be a key factor in determining the short-term direction of the market.