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ETH $2.98M Long Liquidated at $4,400 — Watch for Follow-Through

I noticed a sizable ETH long liquidation of $2.98M executed at $4,400. That level likely attracted stop-losses and increased short-term selling pressure.

I’m monitoring whether this was a one-off liquidity grab or the start of broader downside; watch volume and subsequent price action for confirmation.

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Analysis

A nearly $3M long liquidation at $4,400 implies stop-run activity and temporary downward pressure. Whether this becomes a sustained move depends on follow-through volume, order-book depth, and macro c...

Recommendation

I recommend watching price reaction around recent support and waiting for clearer signs of buyer conviction before initiating new long positions; consider trimming existing exposure if downside moment...

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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