Ethereum long liquidated at $4,582 — short-term selling pressure
I noticed a long on Ethereum was liquidated for $35.7K at $4,582.68.
I see this as a sign of short-term selling pressure that can increase volatility around current levels, but it’s a single event and not definitive of a trend change.
I’ll watch price action, volume, and nearby support before making any directional trades and keep risk tight if I choose to participate.
Analysis
Recommendation
I recommend watching price action and key support levels; avoid trading solely on this liquidation, use tight stops, and wait for confirmation before increasing exposure.
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.