ETH Faces $1.241 Billion Liquidation Cliff at $2,061, Market in Extreme Fear.

Ethereum faces a $1.241 billion long liquidation cliff at $2,061, with the current price sitting just 5% above that threshold. Coinglass data shows that if ETH breaches this level, forced selling across major centralized exchanges could trigger a cascading sell-off, compounding downside pressure on an already fragile market. The Crypto Fear & Greed Index sits at 14, deep in "Extreme Fear" territory, which could exacerbate selling if the $2,061 level comes under threat.