ETH Short Liquidated at $4,530 — Short-Squeeze Boosts Near-Term Bull Case
I noticed a $150,000 short on Ethereum was liquidated at $4,530 — a sign of short-covering that can create immediate bullish pressure and momentum. This kind of event often removes bearish supply and can spark further upside if buyers follow through.
I would watch for confirming volume and price action; if momentum continues, it supports a bullish stance, but if the move lacks follow-through, wait for a dip to enter with defined risk.
Analysis
Recommendation
Favor buying on confirmation or on a controlled pullback; scale in, use a stop loss below recent support, and watch volume to validate the rally.
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.