Ethereum Long Liquidated at $4,513 — Short-Term Volatility Alert
I note a $50.7K ETH long was liquidated at $4,513.60. I see this as a clear sign of recent long-side pressure and stop-hunting around that level.
I think the liquidation increases short-term volatility and raises the chance of a retest of lower support. I remain cautious about opening new leveraged longs until volatility subsides.
I will watch nearby supports and volume for confirmation before adding exposure; if I trade, I favor reducing leverage and tightening stops.
Analysis
Recommendation
I recommend not initiating new leveraged long positions now; monitor volume and support levels for confirmation, consider buying on weakness with reduced size or using tighter stops.
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.