ETH Short Squeeze: $137K Liquidated at $4,437 — Bullish Momentum
I noticed a $137,000 short liquidation on Ethereum at $4,437.64.
I view this as a short-squeeze event that reduces bearish pressure and can fuel near-term upside momentum.
I will watch for follow-through; if buyers sustain above the liquidation level I'll consider increasing exposure, otherwise I prefer a disciplined entry on a clean pullback.
Analysis
Recommendation
Consider buying if price confirms strength above $4,437 with volume, or wait for a controlled pullback to enter; use tight risk management and stops below recent support.
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.