Ethereum price movements could trigger significant liquidation events across major trading platforms. According to data from Coinglass, if ETH breaks above $2,777, short positions face a cumulative liquidation exposure of $1.224 billion. On the flip side, if the token dips below $2,516, long position holders could face around $497 million in total liquidations. With ETH currently trading at $2.09K as of February 9, 2026, the asset is positioned between these critical thresholds, meaning traders and investors need to watch these levels closely. Such price movements could create a cascade of forced exits, potentially accelerating volatility in either direction. For market participants holding positions across centralized exchanges, these liquidation zones represent key risk management levels that could determine whether positions remain profitable or face forced closure.