ETH Longs Liquidated at $4,509 — Watch for Short-Term Downside
I noticed an ETH long liquidation of $90.2K executed at $4,509.39. This was a stop-out of bullish exposure at that price level.
I view this as a sign of short-term selling pressure and elevated volatility around $4.5k, which could trigger further stop cascades or a brief consolidation.
I’ll stay cautious and watch price reaction at $4,500 before increasing exposure.
Analysis
The $90.2K long liquidation at $4,509.39 indicates clustered stops and a possible momentum shift toward the downside, increasing near-term volatility around the $4.5k level.
Recommendation
I would avoid initiating new long positions until ETH stabilizes above $4,500; consider partial buys on controlled weakness with tight stops and clear confirmation of support.
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.