ETH short liquidation at $4,479 suggests short-term bullish pressure
I note a $53.8K short on Ethereum was liquidated at $4,479, which points to short-covering and a momentary uptick in buying pressure.
The liquidation size is small relative to ETH's overall liquidity, so I view this as a short-term signal rather than a trend change; I want to see follow-through in volume and price action.
Analysis
Recommendation
I will watch price and volume for confirmation; consider small tactical buys on weakness with tight stops or wait for a clear breakout above nearby resistance before increasing exposure.
Disclaimer
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