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CoinWorld News, January 17 — According to Coinglass data, if Ethereum drops below $3,200, the total liquidation strength of major CEX long positions will reach 920 million. Conversely, if Ethereum breaks above $3,400, the total liquidation strength of major CEX short positions will reach 985 million. Note from CoinWorld: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster to nearby clusters, i.e., the intensity. Therefore, the chart shows how much impact the price reaching a certain level will have. Higher "liquidation bars" indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.