Recent market analysis shows that the price movement of Ethereum (ETH) is drawing significant attention from investors. Data indicates that if the ETH price falls below $4,087, long positions on major centralized exchanges (CEX) may face liquidation risks of up to $2.645 billion. Conversely, if the ETH price breaks through $4,510, short positions could encounter liquidation pressure of approximately $1.466 billion. This potential large-scale liquidation situation reflects the high volatility of the current crypto assets market and highlights the importance for investors to manage their risk exposure carefully. Market participants are closely following the price trends of ETH to assess potential market impacts and the need for trading strategy adjustments.