ETH Break Above $2,613 Could Trigger $926M in Short Liquidations

The clustering of short leverage just above a key resistance level creates a structural setup where a breakout could feed on itself, amplifying upward momentum through forced buying. For traders holding short positions, this marks a zone of elevated risk, while the broader market watches whether order-book depth at that level holds or cracks. The open question is not just whether price touches $2,613, but whether the cumulative liquidation intensity is evenly distributed or front-loaded—if a significant portion sits just above, even a brief wick could trigger a faster chain reaction than the headline figure suggests. Monitoring exchange-specific liquidation heatmaps in real time would offer clearer signals than the aggregate number alone.