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ETH $75K Short Liquidation at $4,449 Signals Short-Term Bullishness

I note a $75.3K short on Ethereum was liquidated at $4,449.46.

I view this as a short-covering event that can produce short-term bullish momentum and reduce immediate downside pressure around this price.

I remain cautious — one liquidation does not confirm a trend; watch volume and follow-through above nearby resistance for confirmation.

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Analysis

Liquidation of a $75.3K short at $4,449.46 implies short-covering and temporary upward impulse for ETH. The real significance depends on trading volume and whether price can sustain gains above the $4...

Recommendation

I would consider a small buy or watch for confirmation: either enter on a sustained breakout above immediate resistance or wait for a clean retracement to support before adding size; manage risk tight...

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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