ETH Long Liquidation at $4,610 Signals Short-Term Caution
I saw a sizable ETH long liquidation of $93.7K executed around $4,610.27 — a clear sign that leveraged longs were stopped out at that level. This kind of event often increases short-term volatility and can accelerate downward moves as stops cascade.
I would treat this as a warning rather than a trigger to buy. I’m watching for stabilization or a clean reclaim of the $4,610 area before considering fresh long exposure, and I’d be cautious with position sizing until momentum returns.
Analysis
Recommendation
Watch price action and avoid initiating new longs until ETH shows clear stabilization or reclaims $4,610; consider trimming exposure or tightening stops if already long.
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.