ETH Short Squeeze Signals Near-Term Upside
I see a clear short squeeze in Ethereum after significant short positions were liquidated. The average liquidation price was $4,743.63 for a total notional of $109,103.
I view this as a bullish near-term development: forced buy-ins can create upward momentum and push prices higher, at least temporarily.
I will watch volume and key resistance levels for confirmation before adding size, and I’ll use stops to manage the risk of a quick reversal after the squeeze.
Analysis
Recommendation
I would consider buying into the momentum with position sizing and tight stops, or wait for a confirmed breakout on volume; manage risk aggressively since squeezes can reverse quickly.
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.