ETH Long Liquidation at $4,400 Signals Short-Term Weakness
I noticed a $2.98M ETH long was liquidated at $4,400. That size of forced selling is a clear sign of short-term stress in the market.
I expect increased volatility and near-term downside pressure until ETH finds credible support. I’ll avoid opening new aggressive longs and monitor for stabilization or a confirmed reversal.
Analysis
Heavy long liquidation (~$3M) at the $4.4k level indicates a leverage unwind and potential stop-run, increasing short-term downside risk and volatility.
Recommendation
I will watch price action and avoid initiating fresh long positions until ETH confirms support or a clear reversal; manage risk with tight stops if trading the bounce.
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.