ETH Short Squeeze at $4,522 — Modest Bullish Pressure
I noticed a $338,000 short on Ethereum was liquidated at $4,522.22.
That forced buy likely created short-term upward pressure, but the liquidation size is modest relative to ETH's market depth and open interest.
I’ll watch for follow-through volume and clearer confirmation before increasing exposure; consider buying on weakness or waiting for a decisive breakout.
Analysis
Recommendation
I recommend watching price action and volume for confirmation; avoid initiating longs based solely on this liquidation—prefer buying on weakness or waiting for a clear breakout.
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.