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ETH

$134K ETH Short Liquidation at $4,569.91 — Short-Covering Signals Bullish Pressure

I noticed a $134K short liquidation on ETH at $4,569.91, which likely reflects short-covering and immediate upward pressure on price.

I’m watching for follow-through: if momentum continues with volume, that reinforces a bullish outlook; if price stalls, I’ll wait for a cleaner setup or a pullback to enter.

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Analysis

The $134K short liquidation at $4,569.91 is a classic short-squeeze event that forces buyers into the market and can accelerate a rally. However, it’s a single event — confirm with follow-through volu...

Recommendation

Watch price action closely for sustained follow-through; consider buying on a confirmed pullback or breakout with volume, and maintain disciplined risk management if entering.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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