Ethereum's price is at a critical juncture, with potential significant liquidations looming on major centralized exchanges (CEXs). Data from Coinglass indicates that if ETH falls below $2,208, long positions worth $880 million could be liquidated. Conversely, a price increase above $2,424 could lead to $866 million in short position liquidations. These thresholds highlight the volatility and risk present in the current Ethereum market.