ETH $189K Short Liquidation at $4,539 Signals Short-Term Bullish Momentum
I saw a $189,000 short liquidation on Ethereum at $4,539.44, meaning shorts were force-closed around that level.
I view this as a mild bullish signal: liquidations can generate short-term upward momentum, but the amount is moderate and requires volume confirmation.
I’m watching for follow-through above nearby resistance before committing more capital.
Analysis
Recommendation
Take a cautious long stance: consider a small buy or scale in only after confirmation (higher volume or a clean break above resistance) and use a stop-loss under recent support.
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.