ETH Short Squeeze: $137K Liquidated at $4,437 — Watch for Follow-Through
I noticed a $137,000 short on Ethereum was liquidated at $4,437.64, which likely added short-term upward pressure to the price.
I see this as a mildly bullish micro-signal but not definitive: the liquidation size is small relative to ETH's market liquidity, so I need to see follow-through in volume and price action before increasing exposure.
I'll monitor for confirmation (sustained higher highs or stronger volume) and prefer buying on weakness or after clear momentum continuation rather than chasing the immediate move.
Analysis
Recommendation
Watch price and volume for confirmation; consider buying on a pullback or after clear continuation rather than entering immediately.
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.