Ethereum's price movement is poised to impact major cryptocurrency exchanges significantly. According to Coinglass data, if Ethereum surpasses $3,100, it could trigger short-position liquidations totaling $728 million across major centralized exchanges (CEXs). Conversely, a drop below $2,800 could lead to long-position liquidations amounting to $704 million. The liquidation chart, while not detailing the exact number of contracts, highlights the intensity of potential liquidations at these price levels. A higher liquidation bar suggests a stronger market reaction, indicating significant liquidity waves when these price thresholds are reached.