Ethereum: $73K Long Liquidated at $4,446 — Short-Term Caution
I noticed a $73.2K long on Ethereum was liquidated at $4,446.52. That size isn’t huge, but the forced exit at that level signals short-term selling pressure and a potential stop-run near $4,440–4,450.
I’m cautious here: I’ll wait for confirmation of support or a clear recovery before adding longs, and I’d tighten stops or reduce size if I’m already long.
Analysis
Recommendation
I recommend watching price action closely and avoiding new full-size long entries until support is validated; if already long, consider trimming or tightening stops to manage 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.