Ethereum's price movement is poised to trigger significant liquidations on major cryptocurrency exchanges. Data from Coinglass indicates that if Ethereum (ETH) surpasses the $2,421 mark, long positions could face liquidations totaling $916 million. Conversely, a drop below $2,198 could result in $647 million in short position liquidations. These thresholds highlight the volatility and potential for large-scale market shifts in the Ethereum trading landscape.