ETH short-liquidation at $4,304.71 signals bullish momentum
ETH short-liquidation at $4,304.71 indicates buyers overwhelmed shorts, potentially signaling a bullish shift for Ethereum.
Seeing a profitable short squeeze around this level can reflect trapped liquidations clearing and fresh demand emerging as momentum fluency improves. If the price action sustains above key support zones and volume confirms the move, ETH could attract additional buyers and push higher in the near term.
However, traders should monitor for renewed volatility and any macro catalysts affecting risk appetite. A pullback to test prior resistance-turned-support around the mid-$4k range could provide a low-risk entry for new longs if bullish structure remains intact.
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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.