Ethereum Long Liquidated at $4,456 — Short-Term Bearish Pressure
I had a long position in Ethereum that was liquidated — $50.4K closed out at $4,456.33.
The forced exit underscores short-term downside pressure and heightened volatility around this price level.
I’m avoiding fresh longs until the market shows stabilization or a clear reversal back above nearby resistance.
Analysis
The liquidation of a sizable long at $4,456.33 suggests stop-loss cascades and increased selling pressure; this is a near-term bearish sign until price action and volume confirm a recovery.
Recommendation
Avoid initiating new long positions for now and wait for consolidation or a decisive recovery; consider reducing exposure or selling into strength if holdings remain exposed.
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.