ETH Short Liquidation at $4,610 Signals Bullish Momentum
I noticed a $105,000 short on Ethereum was liquidated at $4,610. That kind of liquidation often reflects short-covering and can add upward momentum.
I'm cautiously bullish after this event, but I expect volatility and want to see follow-through rather than rely on a single liquidation print.
Analysis
Recommendation
I recommend watching for confirmation (higher volume or sustained closes above key levels) before buying; consider a measured buy on confirmed strength or a scaled entry on a clean pullback.
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.