ETH Break Above $2,486 Could Trigger $1.33B Liquidations on Major CEXs

The concentration of short liquidity just above the current price creates a structural asymmetry: a break higher could force rapid covering, amplifying upward momentum beyond what fundamentals alone would justify. This matters less for ETH's intrinsic value and more for near-term market mechanics, as cascading liquidations can distort price discovery on major venues. The key watchpoint is whether buying pressure can sustain a push through that threshold, or if the looming liquidation wall itself invites defensive positioning that caps upside before it is tested.