ETH Short Liquidation at $4,527 — Potential Bullish Momentum
I noticed a $99.5K short on Ethereum was liquidated at $4,527.25. That liquidation likely reflects short-covering and added upward pressure on price.
I view this as a near-term bullish signal but not proof of sustained upside — I’ll look for follow-through volume and price holding above nearby support before committing more capital.
If momentum continues I may consider buying on a disciplined pullback; otherwise I’ll wait for a clearer setup and manage risk tightly.
Analysis
Recommendation
Watch price action closely; prefer buying on weakness or after a confirmed breakout with volume. Keep stops tight and size positions conservatively due to possible volatility.
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.