Ethereum $90K Long Liquidated at $4,509 — Watch for Volatility
I noticed a $90.2K Ethereum long was liquidated at $4,509.39. That large liquidation indicates short-term selling pressure and increased volatility around this price level.
I will watch price action, liquidity, and volume before committing to new longs. I’m inclined to reduce leverage or trim positions until support is confirmed or a cleaner buying opportunity appears.
Analysis
The sizable long liquidation suggests stops were run near $4,509, adding downward momentum and revealing fragile bid support; expect choppy moves and potential follow-through if sellers persist.
Recommendation
I will watch price and volume closely and avoid adding exposure until support is validated or a lower-risk entry appears; consider trimming leveraged longs now.
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.