Ethereum's price movements are poised to trigger significant liquidations on major centralized exchanges (CEXs). Data from Coinglass indicates that if ETH surpasses $2,048, it could lead to $869 million in short position liquidations. Conversely, a drop below $1,855 could result in $632 million in long position liquidations. These potential liquidations highlight the volatility and risk associated with ETH trading on CEXs.