2026-01-19 08:54:28

Ethereum Faces Bidirectional Liquidation Risks: Short Positions More Vulnerable Than Longs

According to the latest on-chain data analysis from Coinglass, Ethereum (ETH) has recently entered a high-risk volatile zone. Currently, ETH is fluctuating around $3.22K, not far from critical liquidation levels.

**Short Positions Face Greater Danger**

If ETH successfully breaks through the psychological barrier at $3,390, the short positions accumulated on major centralized exchanges (CEX) will undergo a massive liquidation, with an estimated liquidation strength of $1.179 billion. This means short sellers are at risk of forced closing, which could further drive up the price.

**Long Positions Also Pose Risks**

Conversely, the risk for long positions is equally imminent. If ETH drops below the support level at $3,077, the total long liquidation on major CEXs could reach $1.564 billion, far exceeding short liquidations. This indicates that stop-loss orders for longs are relatively concentrated; once this level is broken, it could trigger a chain reaction of liquidations.

**Market Insights**

The range between $3,077 and $3,390 forms a trading zone of $313, with high bidirectional liquidation strength. Traders should closely monitor these two critical points to assess their position risks. Whether breaking upward or downward, sharp volatility could be triggered.

Source: Coinglass

ETH-5,58%

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