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ETH Short Liquidation Signals Bullish Pressure, Stay Cautious

I recorded a large short liquidation on ETH with an average price of $4,735.03 and a total size of $345,463. The move signals strong short-covering and upward pressure in the market.

I remain cautious despite the bullish impulse — "keep your feet on the ground". I'll watch how price and volume confirm continuation before committing more capital.

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Analysis

The short liquidation implies forced buys that can create a temporary price spike and short-term bullish momentum. Without confirming volume and follow-through, the move may reverse or consolidate; wa...

Recommendation

I’m watching price action closely and recommend against chasing. Consider buying on a confirmed pullback or after clear volume-backed continuation, and use tight risk controls.

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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