Ethereum $66.8K Long Liquidated at $4,454 — Watch for Short-Term Downside
I noticed a $66.8K long in Ethereum was liquidated at $4,454.06. I view this as a clear sign that short-term bullish positions were forced out around that price.
I expect increased volatility and downside pressure until buyers absorb the selling; I will watch price action and key support levels before re-entering or adding exposure.
Analysis
Recommendation
I recommend watching price action and order flow closely; avoid initiating sizeable new longs until stabilization or use reduced position size and tighter stops if trading the move.
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.