ETH Short Liquidation at $4,505 — Short Squeeze Potential
I noticed a $127,000 short on ETH was liquidated at $4,505.68, which likely forced buys and added upward pressure.
I view this as a short-squeeze signal that can accelerate near-term upside, but it’s only one data point — I’d want to see confirming volume and funding-rate moves.
I’m watching for follow-through above nearby resistance or a clean pullback that offers a better risk/reward for a long entry.
Analysis
Recommendation
Watch price and volume for confirmation. Consider a small, disciplined long on clear follow-through or buy on a confirmed pullback with tight stops; otherwise remain sidelined until momentum verifies.
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.