Ethereum Long Liquidated at $4,454 — Expect Short-Term Weakness
I noted a $66.8K Ethereum long was liquidated at $4,454.06.
That size of forced exit likely added short-term selling pressure and could trigger further volatility around current levels.
I’ll wait for clear stabilization or a confirmed bounce on volume before considering re-entry; avoid adding leverage into this move.
Analysis
Recommendation
Wait for stabilization: reduce leverage, monitor order-book and volume, and only consider buying after a clear support hold or a confirmed reversal candle with healthy volume.
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.