ETH $50.4K Long Liquidated at $4,456 — Watch for Short-Term Volatility

I noticed a $50.4K ETH long was liquidated at $4,456.33. I view this as a sign of local selling pressure and elevated short-term volatility around that price level.

I think this liquidation likely tightened stops and may have triggered further short-term downside or a quick rebound as shorts cover. I’m watching whether that level now acts as resistance or if deeper support holds.

For traders, I’d avoid adding leverage here and prefer to wait for clear confirmation of trend direction or buy on a tested support retest with defined risk.