ETH Short Squeeze at $4,547 — Bullish Sign if Follow-Through Arrives
I notice $94.1K of ETH short positions were liquidated at $4,547.92, indicating a short squeeze around that price level.
I view the liquidation as a bullish signal that reduces immediate selling pressure and can fuel further upside if follow-through buying appears.
I will monitor volume and price action closely and prefer to scale in with risk controls rather than chase a spike.
Analysis
Recommendation
Consider buying with defined risk: enter on confirmed breakout or a disciplined pullback to support, and use a tight stop-loss below the liquidation zone to limit downside.
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.