Ethereum $58K Short Liquidation at $4,435: Bullish Momentum, Watch for Confirmation
I noted a $58,000 short liquidation on Ethereum at $4,435.99, which squeezed bearish leverage and pushed price higher in the short term.
I view this as a bullish impulse that can lead to further upside if supported by increased volume and higher highs, but it isn’t a guaranteed trend change.
I’ll watch price action closely for confirmation and prefer entering on a clear pullback or a sustained breakout, using tight risk management.
Analysis
Recommendation
Watch price action for confirmation before committing—prefer buying on a validated pullback or after a decisive breakout, and use stop-losses to control risk.
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.