According to the latest statistics from the on-chain data tracking platform, Ethereum faces two key price levels that require close attention. If ETH falls below the support level of $2,986, long positions on mainstream centralized exchanges will face significant liquidation pressure, with total liquidation strength potentially reaching $947 million. Conversely, if Ethereum can break through the resistance level of $3,287, the risk for shorts will increase markedly — at this point, the total short liquidation amount could reach $735 million. Both of these price levels represent critical market thresholds, and traders engaging in both long and short positions need to be especially vigilant about the volatility risks brought by these strong liquidation pressures.