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ETH

ETH Short Liquidation at $4,606 Suggests Short-Term Bullish Squeeze

I saw a short on Ethereum worth $57.7K get liquidated at $4,606, which likely forced short-covering and added immediate upside pressure.

I view this as a short-term bullish signal rather than a confirmed trend reversal — follow-through volume and price action above nearby resistance will matter most.

I’m watching for a controlled pullback as a cleaner entry; if buyers fail to show, the squeeze can quickly unwind.

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Analysis

The $57.7K short liquidation at $4,606 likely created a short squeeze that pushed price higher temporarily. Evaluate accompanying volume, order flow and whether price sustains above resistance—without...

Recommendation

Consider buy on weakness: wait for a controlled pullback or clear confirmation of a breakout before increasing exposure, and set stops below recent support levels 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.

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