ETH liquidation signals short-term pressure — wait for stabilization
I saw a $79.6K ETH long get liquidated at $4,496.81, which signals recent forced selling and short-term downside pressure on Ethereum. This liquidation likely amplified volatility around current price levels.
I’m cautious here: the move increases tail risk and suggests waiting for confirmation of support or a clean retracement before adding directional exposure. Watch for stabilization and lower-leverage entry points.
Analysis
Recommendation
Avoid initiating fresh long positions until price action shows stabilization or a verified rebound; consider buying on weakness with reduced leverage if risk tolerance allows.
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.