Ethereum Long Liquidated — $65.5K Closed at $4,363
I noticed an ETH long was liquidated: $65.5K closed at $4,363.62.
I believe that forced liquidation likely increases short-term downside pressure and volatility around the $4.36k level.
I'm reducing exposure and avoiding new long entries until price shows a clear recovery or support confirmation.
Analysis
Recommendation
I recommend reducing long exposure and avoiding new long entries until ETH stabilizes above confirmed support or shows a decisive reversal; consider protecting positions with tighter stops or hedges.
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.