ETH $134K Short Liquidated at $4,569 — Short Squeeze May Boost Near-Term Momentum
I noticed a $134,000 short on Ethereum was liquidated at $4,569.91. That forced buy-side activity likely removed some short interest and created a brief bullish impulse.
I see this as a short-term positive for ETH momentum, but it isn’t definitive proof of a sustained breakout — follow-up volume and price action matter.
I will monitor key resistance and support levels and prefer a scaled entry or confirmation retest rather than a full-size immediate purchase.
Analysis
Recommendation
Cautious buy: consider scaled entries or buy on a confirmed retest of support; avoid chasing intraday spikes and watch volume for confirmation.
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.