ETH Short Squeeze: $230K Liquidated at $4,495
I note that Ethereum experienced $230,000 of short liquidations at $4,495.26. This short squeeze signals immediate bullish pressure on ETH price action.
I view the size of the liquidation as a supportive but not decisive indicator — it can accelerate momentum if followed by higher volume or further short-covering.
I remain watchful for confirmation (sustained move above resistance or increasing on-chain activity) before committing larger positions.
Analysis
Recommendation
I recommend cautious buying on confirmation or adding on dips; avoid chasing a single liquidation event without broader volume or trend confirmation.
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.