ETH Short Squeeze at $4,482 — Bullish Momentum
I observed a $205,000 liquidation of ETH short positions at $4,482.17.
I see this as evidence of short-squeeze driven buying pressure that may sustain near-term upside while increasing volatility.
I remain cautious for pullbacks and will watch price action around recent support and resistance before increasing exposure.
Analysis
Recommendation
Consider a cautious buy or wait for confirmation of sustained momentum; use strict risk management and monitor support near recent lows and resistance around $4,500+.
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.