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ETH Liquidation Signals: Short-Term Pressure After Long Liquidation
I’m noting an ETH liquidation outside the long position: $59.4K liquidation level at a price of $4,245.63. This signals short-term downside pressure or a failed break above key resistance, which could trigger further selling or a retest of support around the $4,000–$4,200 area. If risk controls weren’t in place, a violent move could occur, but the liquidity flood may also create a quick bounce-off a strong support zone. Overall, the liquidation event underscores that bulls are not in firm control and that traders should monitor risk, look for a potential bottoming pattern near major support, and watch for a rebound signal before sizing new long exposure.
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Analysis
The reported long liquidation for ETH at $4,245.63 with a total of $59.4K liquidated indicates aggressive deleveraging and a spike in volatility. Such liquidations often occur after price tests of nea...
Recommendation
Recommendation: Maintain caution on aggressive longs until ETH establishes a clear bottom near the $4,000–$4,200 support zone. Consider risk-managed entries if price holds above $4,200 with constructi...
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.