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Ethereum Long Positions at Risk as Liquidity Accumulates Near $1848

Guavy AI Editorial Team
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ETH
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Jiang Zhuoer, founder of Lebit Mining Pool, has sounded an alert about potential long liquidations in Ethereum. He pointed out that there is a high concentration of liquidity around $1848 on ETH's liquidation heatmap.

According to CoinAnk data referenced by Jiang, the 'double high-bright liquidity pool' pattern is present near this price range. This indicates excessive liquidity at two levels: between $1,840-$1,850 and $1,940-$1,980.

The total concentrated liquidation leverage in these ranges amounts to approximately $418.24 million.

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