Those optimistic about Ethereum's recent trend should pay attention to this key data. According to on-chain analysis platform's liquidation data, two price levels for ETH are particularly important.

Looking upward—if Ethereum breaks through the $3,076 threshold, short positions (bearish orders) on mainstream exchanges will face concentrated liquidations, with a total strength reaching $1.309 billion. What does this number indicate? It suggests that once broken, a large number of bearish traders will be forced to cover, potentially pushing the price higher.

Looking downward—the opposite scenario should also be considered. If Ethereum falls below the $2,785 support level, long positions (bullish orders) will face liquidation strength of $684 million. This means downward risk should also be taken seriously.

These two levels act as short-term resistance and support for Ethereum, with liquidation orders worth several billion dollars waiting above and below. Traders need to keep a close eye on them.