Ethereum $79.6K Long Liquidated at $4,496 — Short-Term Pressure
I observed a $79.6K ETH long liquidated at $4,496.81. That forced exit highlights meaningful short-term selling pressure around the $4.5k area.
I view this as a bearish sign for near-term volatility and potential stop hunts. I'll wait for clear support and cleaner price action before re-entering or adding exposure.
Analysis
Recommendation
Exercise caution: avoid initiating new leveraged longs and monitor support levels and volume for stabilization. Consider waiting for a clear rebound or reduced volatility before increasing exposure.
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.