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The latest market data analysis shows that Ethereum ( ETH ) price is at a critical position, and any significant price movement could trigger mass liquidation of trades. According to statistical data, if the ETH price falls below $3,529, long positions on major centralized exchanges ( CEX ) may face liquidation risks of up to $2.033 billion. Conversely, if the ETH price breaks through $3,895, short positions will also face liquidation pressure of about $806 million. This potential mass liquidation situation reflects the high volatility and risk in the current encryption market. Investors should closely monitor ETH price trends and manage their trading positions cautiously to avoid possible significant losses.