ETH Long Liquidated at $4,456 — Short-Term Bearish, Wait for Confirmation
I just saw a $50.4K ETH long get liquidated at $4,456.33. That liquidation highlights short-term selling pressure and likely removed a chunk of leveraged long exposure.
I'm cautious — one large forced exit can amplify a pullback and increase volatility until price finds firm support.
For now I'll wait for clear stabilization or a reclaim of higher levels before adding exposure.
Analysis
Recommendation
I'm not buying now. Wait for consolidation or a clear reclaim of resistance; consider small, disciplined entries or buy-on-weakness with tight stops once support is confirmed.
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.