Ethereum's price movement is poised to impact significant liquidation volumes on major cryptocurrency exchanges. Data from Coinglass indicates that if Ethereum (ETH) surpasses the $2,211 mark, it could lead to the liquidation of long positions totaling $854 million. Conversely, a drop below $2,002 could result in $477 million in short position liquidations. These thresholds highlight the potential volatility and risk for traders in the current market environment.