Ethereum: $118K Long Liquidated at $4,533 — Watch $4.5k Support
I noticed a $118,000 long on Ethereum was liquidated at $4,533.06. That forced exit likely added short-term selling pressure around the $4.5k area.
I view this as a price-action signal rather than a change to Ethereum's fundamentals: liquidations can create volatility and trigger cascades near key stops.
I’m watching order flow, open interest and whether $4,500–$4,600 holds before considering fresh directional trades.
Analysis
Recommendation
I’m not recommending new longs solely based on this event; watch price and liquidity around $4,500–$4,600 and consider waiting for clear reclamation or a tested support before adding exposure.
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.