Ethereum's price dynamics are poised to impact significant liquidation volumes on major cryptocurrency exchanges. Data from Coinglass indicates that if Ethereum (ETH) surpasses the $3,095 mark, it could trigger $1.232 billion in long position liquidations. Conversely, a drop below $2,830 could result in $461 million in short position liquidations. These potential movements highlight the volatility and risk associated with ETH trading positions.