ETH Short Liquidation at $4,548 — Short-Term Bullish
I see that $157K of ETH short positions were liquidated at $4,548.94, which reads as a short squeeze and immediate buying pressure around that level.
I view this as a short-term bullish signal, though the liquidation size is modest relative to total market liquidity, so follow-through volume matters.
I’m inclined to take a cautious long stance: either initiate a small position now or wait for a measured pullback to increase size, and keep stops tight.
Analysis
Recommendation
Take a cautious bullish stance: consider a small buy now or wait for a clearer pullback/confirmation; use position sizing and tight stops to manage risk.
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.