Large liquidation of $577 million triggered as ETH falls below $2800, becoming a focal point in market technical levels

MissedAirdropBro · 2026-02-16T13:16:10+00:00

If Ethereum (ETH) drops below $2800, it could trigger a liquidation pressure of $577 million in long positions on major centralized exchanges, indicating a critical support level. Conversely, breaking above $3069 may lead to a $512 million clearance of short positions, influencing market dynamics significantly. Investors must approach trading cautiously around the $2800 mark.

MissedAirdropBro

2026-02-16 13:16:10

Abstract generation in progress

According to data from Coinglass, when Ethereum (ETH) drops below $2,800, the liquidation pressure on long positions accumulated on major centralized exchanges (CEXs) reaches $577 million. This level is a significant technical support level for market participants.

Danger Level for Long Position Liquidations

In a scenario where ETH falls below $2,800, the liquidation strength of the accumulated long positions on major CEXs reaches a massive scale of $577 million. This level suggests the potential for large-scale automatic liquidations during short-term price declines, which could lead to increased market volatility. Technical traders and institutional investors are closely watching the $2,800 level as an important defense line.

Resistance Level for Short Position Liquidations

On the other hand, if ETH rises above $3,069, the liquidation strength of the accumulated short positions (sell orders) on major CEXs reaches $512 million, exerting upward pressure. These two liquidation levels reflect market buy-sell balance and are extremely important indicators for investors managing their positions.

When the market shows movement around the $2,800 level, cautious trading decisions are required to prepare for potential liquidation triggers.

ETH1,8%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.