ETH Break Above $2,564 Could Trigger $951M in Short Liquidations

The concentration of short liquidity just above $2,564 turns that price into a technical inflection point, not a forecast. The size of the potential liquidation cascade suggests that a break could force rapid covering, amplifying moves in either direction once triggered. This matters for traders monitoring order-book depth and funding rates, as the level's significance is self-reinforcing until the position cluster clears. Whether the market respects or pierces that threshold is the open question, as the outcome will likely dictate near-term volatility rather than trend direction.