Coinglass data shows that Ethereum is trapped within a narrow "liquidation corridor," with long positions below $2,040 facing a risk of $1.41B, and short positions above $2,253 facing a risk of $889 million. According to Coinglass, long positions on major centralized exchanges below $2,040 are at risk of $1.41B. If the price breaks above $2,253, the situation will reverse, and the $889 million short positions on the same exchanges will face liquidation risk. Recent heatmap studies indicate that approximately $1.8 billion of Ethereum leverage is concentrated within a narrow range near the current price. The derivatives analysis platform Coinglass pointed out that if Ethereum (ETH) falls below $2,040, about $1.41B of long positions on major centralized exchanges could be forcibly liquidated. Similarly, data shows that if the price breaks above $2,253, pressure will reverse, and about $889 million of short positions on mainstream centralized exchanges will face liquidation risk. This puts Ethereum spot trading in a narrow but dangerous range, where relatively small price fluctuations could trigger large-scale forced capital flows in futures trading venues. You might also like: artificial intelligence agents, privacy, and prediction markets define the finalists of ETHGlobal Cannes 2026. In the latest Ethereum liquidation heatmap update, Coinglass described these ranges as "price ranges where large-scale liquidation events may occur," highlighting how high-leverage clusters can trigger mechanical buy and sell actions after crossing key thresholds. Earlier this month, an article on crypto about Ethereum's "trapdoor" setup pointed out that nearly $1.8 billion in total long and short leverage is between $1,952 and $2,154, meaning that a 5% to 7% price fluctuation could cause chain reactions of losses for over-leveraged traders. #Gate广场四月发帖挑战