ETH Long Liquidated $248K at $4,526 — Watch for Short-Term Weakness
I observed an Ethereum long position liquidated for $248,000 at $4,526.45.
I view this as evidence of short-term selling pressure and potential stop-run activity around the $4.5k area.
I’m watching price action closely for follow-through or a recovery signal before considering entries.
Analysis
The liquidation suggests stops clustered near $4.5k triggered a cascade, increasing short-term volatility and indicating downside risk until support is confirmed.
Recommendation
Don’t chase long positions now; watch for consolidation or a clear rebound above key support/resistance before buying.
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.