ETH Short Squeeze: $171K Liquidated at $4,484 — Watch for Follow-Through
I note that $171K of ETH short positions were liquidated at $4,484.25, a small short squeeze that shows some buying pressure at that level.
This liquidation reduces immediate short-side pressure and can produce short-lived upside momentum, but the size is modest relative to Ethereum's market activity.
I’m watching for follow-through in volume and price action before committing capital; a confirmed break higher would be more convincing, while a pullback could offer a better entry.
Analysis
Recommendation
Monitor price and volume for follow-through; consider buying on weakness or after a confirmed breakout rather than chasing the immediate move.
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.