Ethereum long liquidated at $4,391 — expect short-term volatility
I recorded an Ethereum long liquidation of $61,000 executed at $4,391.27.
This liquidation shows localized margin stress and adds near-term selling pressure that can increase volatility around current levels.
I am cautious here and will wait for clearer support or a confirmed reversal before considering new long exposure.
Analysis
Recommendation
Don't initiate fresh longs now; wait for price to stabilize and confirm support levels or for reduced leverage in the market before buying.
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.