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ETH Liquidation at $4,407 Points to Short-Term Selling Pressure
I noticed a large ETH long was liquidated for about $52.9K at $4,407.64. I view this as evidence of concentrated leverage and forced selling around that price.
This kind of liquidation often increases short-term volatility and can push price lower as stops cascade. I would expect nearby support to be tested unless buyers quickly absorb the selling.
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Analysis
A sizable long liquidation at $4,407 suggests a stop/liquidity cluster there and likely added selling pressure. If funding remains positive and no strong bids appear, price could retest lower supports...
Recommendation
Watch price action and order flow around $4.4k; avoid initiating fresh leveraged longs until the market shows stabilization or support confirmation. Manage risk and consider reducing size if already l...
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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