ETH Short Liquidation at $4.62k — Short Squeeze Could Drive Near-Term Upside
I observed a large ETH short get liquidated at an average price of $4,621.15 for a total size of $184,846 — a classic short-squeeze snapshot.
I view this as a sign of short-covering that can add upward momentum and near-term volatility; it doesn’t guarantee a sustained rally without follow-through.
I’ll monitor price action for confirmation and prefer to buy on a disciplined pullback or after a clear breakout, keeping strict risk controls in place.
Analysis
Recommendation
Watch price action closely; consider buying on weakness or after a confirmed breakout with tight stops rather than chasing the initial squeeze.
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.