ETH Long Liquidated at $4,591.95 — Watch $4.5k Support
I note an ETH long of $54.9K was liquidated at $4,591.95.
This liquidation signals short-term selling pressure and the potential for stop-hunts around the mid-$4.5k area; leverage is amplifying volatility.
I will watch order flow and nearby support before adding exposure — a single ~$55k liquidation likely raises short-term risk but doesn’t by itself prove a structural reversal.
Analysis
Recommendation
Watch price action and liquidity around $4.5k–$4.6k, avoid initiating new leveraged longs, and consider buying on weakness only after clear support and reduced volatility.
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.