Recently, the Ethereum market has attracted attention, with price fluctuations bringing potential liquidation risks. Analysis shows that if Ethereum breaks through the $4000 mark, short positions on major centralized exchanges (CEX) may face liquidation pressure of up to $677 million. Conversely, if the price falls below $3800, long positions may encounter $1.247 billion in liquidation.

It is worth noting that this data mainly reflects the intensity of the clearing rather than the absolute precise amount. For traders, this means that the market may experience significant volatility at these key price levels.

In light of this, it is recommended that investors adopt a more cautious trading strategy. In such a highly volatile market environment, full position trading may bring excessive risk. On the contrary, using a gradient take-profit and stop-loss strategy may be wiser, as it allows for seizing market opportunities while effectively controlling risk.

Overall, the current market conditions of Ethereum require traders to remain highly vigilant and flexibly adjust their strategies to cope with potential sharp price fluctuations. Whether bullish or bearish, reasonable risk management is key to ensuring long-term stable returns.