Ethereum Long Liquidated at $4,456 — Short-Term Bearish Pressure

I see a sizable long liquidation of $50.4K executed at $4,456.33 on ETH, which likely amplified short-term selling and volatility around that price level.

I view this as a sign that stops were clustered near $4.45k and that sellers momentarily outpaced buyers, increasing the chance of a pullback or chop before any sustained recovery.

I'll avoid initiating fresh longs until I see price reclaim and hold above clear support, or consider short exposure if follow-through selling confirms a breakdown.