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ETH Liquidation Signals Short-Term Weakness
I note a $112K ETH long was liquidated at $4,466.75 — a clear sign of forced selling at that level.
I see this as an indicator of short-term weakness and heightened volatility rather than definitive trend reversal.
I’m watching for confirmation: if price fails to reclaim recent support quickly, further downside or stop runs are likely.
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Analysis
Forced liquidation at $4,466.75 removes leverage and likely increased sell-side pressure and volatility; this can trigger further stops but doesn’t alone prove a sustained downtrend — watch volume, or...
Recommendation
I would avoid initiating new long positions until price shows clear support and reduced liquidation risk; consider short-term trades only with tight risk management or wait for confirmation of a bounc...
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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