buy on weakness
ETH $91.5K Short Liquidated at $4,490 — Short-Squeeze Upside
I noticed a $91.5K short on Ethereum was liquidated at $4,490.90.
I view this as a bullish signal that can trigger short-covering and near-term upside, though the absolute size is modest relative to ETH's market depth.
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Analysis
The liquidation removes some short pressure and can spark a short-squeeze rally, but $91.5K is small versus overall ETH liquidity. Expect increased volatility around the $4.49K level rather than a dec...
Recommendation
I would watch price action and consider buying on weakness with size discipline; avoid chasing strength and use stop-losses given the modest scale of this liquidation.
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.