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ETH Short Liquidation at $4,522 Signals Short-Term Bullishness

I saw a $338K short on ETH get liquidated at $4,522.22, which indicates short-covering and buying pressure at that level.

This liquidation can tighten float and push price higher in the near term, but I’m watching volume and nearby resistance for confirmation.

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Analysis

The $338K short liquidation at $4,522.22 implies aggressive short-covering, creating upward pressure on Ethereum. Confirmation requires rising volume or follow-through above nearby resistance; without...

Recommendation

I view this as a short-term bullish signal—consider buying or adding on pullbacks with defined stops below recent support and conservative position sizing.

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.

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