Ethereum $338K Short Liquidated at $4,522 — Watch for Follow‑Through
I noticed a $338,000 short on Ethereum was liquidated at $4,522.22, which likely caused short-covering momentum and a short-term bullish impulse.
I view this as a signal to watch for follow-through rather than to buy aggressively; I'll wait for confirming volume or a sustained break above nearby resistance before committing capital.
Analysis
Recommendation
Watch price and volume for confirmation; consider entering gradually on a clear breakout or on a pullback to confirmed support, otherwise remain sidelined.
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.