buy

ETH Short Liquidation at $4,563 Signals Bullish Momentum

I noticed a $52.9K short on Ethereum was liquidated at $4,563.16. This short squeeze likely created immediate bullish pressure around that level.

I view this as a momentum signal rather than a full trend reversal; confirm with rising volume and follow-through above nearby resistance.

I would consider entering on confirmation of continuation or on a disciplined pullback, and use a clear stop-loss below recent support.

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Analysis

Liquidation of a $52.9K short at $4,563 suggests short-covering has added buying pressure; if volume and price continue higher, expect further upside, but lack of follow-through keeps risk elevated.

Recommendation

Consider a buy on confirmed continuation or on a controlled pullback; keep position sizing conservative and place stop-loss below recent support levels.

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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