ETH $57.5K Long Liquidated at $4.41K — Short-Term Weakness Likely
I noticed an ETH long of $57.5K was liquidated at $4,413.69, which suggests a material unwind of leveraged longs around that level.
That liquidation likely adds short-term selling pressure and increases volatility; I’m treating this as a cautionary signal rather than a clear trend reversal.
Analysis
Recommendation
I recommend watching price action and key supports before taking new longs; avoid adding size into this immediate weakness and wait for clear stabilization or a lower-risk entry.
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.