Ethereum's price fluctuations could lead to significant liquidations on major centralized exchanges (CEXs), according to Coinglass data. If Ethereum falls below $3,000, long positions worth $693 million could be liquidated. Conversely, a rise above $3,200 could result in $102 million in short-position liquidations. The liquidation chart highlights the potential impact of price changes, with higher bars indicating stronger market reactions at specific price levels.