Ethereum $506K Short Liquidation at $4,619 — Watch for Follow‑Through
I noticed a $506K short liquidation in Ethereum executed around $4,619.73.
I view this as a short‑squeeze signal that put upward pressure on price and reduced immediate short interest, but it doesn't guarantee sustained momentum.
I will watch price action for follow‑through or a retracement; consider entering only on confirmed continuation or a controlled pullback.
Analysis
Recommendation
Watch price action for confirmation (higher highs on volume) or a measured pullback; avoid chasing the spike and prefer buying weakness or waiting for clear continuation.
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.