Ethereum's price movements are poised to trigger significant liquidations on major cryptocurrency exchanges. Data from Coinglass indicates that if ETH surpasses $2,420, long positions could face liquidations totaling $1.166 billion. Conversely, a drop below $2,197 could result in $827 million in liquidations for short positions. These potential liquidations highlight the volatility and risk associated with Ethereum trading at these critical price levels.