ETH Long Liquidated at $4,718 — Expect Continued Volatility
I had a long position on Ethereum liquidated for $35.1K at $4,718.71. The trade was closed after a sharp downside move wiped out my margin.
This shows how quickly ETH can move against leveraged longs; I won’t rebuild a large leveraged position until price stabilizes and clear support appears.
Analysis
The liquidation at $4,718 indicates a rapid downside move likely amplified by leverage; this increases short-term volatility risk and suggests weak immediate support around current levels.
Recommendation
I recommend reducing long exposure, avoiding new leveraged longs, and waiting for confirmed support or a clear technical reversal before re-entering.
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.