Ethereum's liquidation risk landscape at key price levels

2026-01-12 20:06:17

Ethereum is currently trading around $3.12K. Amid increased market volatility, liquidation risk has become a hidden concern that investors must watch out for. According to on-chain data analysis, the price trend of ETH will directly impact the holding structure of mainstream exchanges.

Downside Risk: Liquidation Pressure Facing Bulls

If Ethereum’s decline further accelerates and breaks below the $3,000 psychological level, long positions on major CEXs will face concentrated liquidations. Statistics indicate that the total liquidation strength at this point could reach $902 million, meaning a large number of long positions will be forced to close, further intensifying downward pressure.

Upside Opportunity: Rebound Risks Bulls Need to Beware Of

On the upside, if ETH can stabilize and break through the $3,200 mark, the liquidation risk for short positions should not be underestimated. Market data shows that the cumulative liquidation strength of short positions could rise to $1.125 billion, which would further boost the rebound momentum.

This bidirectional liquidation structure suggests that the fluctuations of ETH within the $3,000-$3,200 range are not random but are deeply influenced by hidden large liquidation orders.

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