Ethereum traders face $1.4b long wipeout if price breaks below $2,040

Ethereum faces significant liquidation risk with $1.414 billion in long positions vulnerable if the price drops below $2,040, while $889 million in shorts are at risk above $2,253. The cryptocurrency is currently trapped in a tight liquidation corridor according to Coinglass data.

• →Ethereum is trapped in a liquidation corridor between $2,040 and $2,253 price levels.
• →$1.414 billion in long positions face liquidation if ETH breaks below $2,040.
• →$889 million in short positions are exposed to liquidation above $2,253.
• →The liquidation risk highlights significant leverage in current Ethereum trading positions.
• →Major price movements in either direction could trigger substantial position liquidations.