ETH Market Faces $5 Billion Liquidation Wall Ahead of Key Macro Week

• Ethereum liquidations near $5B raise risk of sharp downside price moves
• Analysts split as ETH faces $4,550 resistance while support holds near $4,190
• Macro events this week may dictate Ethereum’s path toward $3,600 or $6,000

Ethereum is entering a decisive week as traders brace for heightened volatility and shifting market dynamics. With a current price of around $4,267 and a market capitalization of over $515 billion as of press time, cryptocurrency has witnessed a sharp 6.5% downward correction in the last 24 hours. Despite its strong performance earlier this year, pressure from liquidations and global economic events is casting uncertainty on its immediate trajectory.

A $5 Billion Liquidation Wall

The latest data revealed that Ethereum liquidations have neared $5 billion, with significant clusters concentrated at $3,940 and further down around $2,150. This positioning exposes the market to potential long squeezes. Andrew Kang cautioned that a deep wipeout could drag ETH prices toward $3,200–$3,600 if momentum breaks down.

ETH LIQUIDATIONS NEAR $5 BILLION#Ethereum is trading around $4,200 today. While massive liquidation clusters sit at $2,150–…

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