Ethereum Long Liquidated at $4,372.59 — Short-Term Bearish Pressure
I noticed an ETH long was liquidated for $65.6K at $4,372.59. The forced close shows leveraged upside was wiped out at that price.
I view this as a short-term bearish signal that can increase volatility and add downward pressure near current levels.
I will wait for clearer support or a retest before increasing exposure and avoid chasing new longs into this momentum.
Analysis
Recommendation
Exercise caution: don’t initiate new leveraged long positions yet. Reduce leverage or wait for confirmation of support and a stable price retest before adding 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.