Ethereum $79.6K Long Liquidated at $4,496.81 — Short-Term Pressure Near $4.5k
I noticed a $79.6K long liquidation on Ethereum at $4,496.81. This suggests forced selling occurred around the $4.5k area.
I view this event as a short-term bearish signal that can increase volatility and pressure near-term price action. I'll watch how bids absorb this liquidation before adding risk.
Analysis
Recommendation
I would avoid initiating aggressive longs until price shows stabilization or reclaimed support; consider watching order flow and volume for confirmation or reducing position sizes 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.