ETH $79.6K Long Liquidated — Short-Term Weakness
I see a $79.6K Ethereum long was liquidated at $4,496.81. This liquidation signals short-term selling pressure around the $4.5K area.
I view the event as a likely stop-run that increases near-term volatility rather than a definitive trend reversal. Larger liquidations can trigger follow-up selling if momentum confirms the move.
I'll monitor price action, volume, and whether key supports hold before committing to new long positions. For now I’m watching for a clear rejection or stabilization before adding exposure.
Analysis
Recommendation
I recommend watching price and volume for confirmation. Avoid initiating fresh longs until support is confirmed; consider scaling in on clear weakness or after a decisive bounce with volume.
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.