Ethereum Long Liquidated at $4,745
I had a long on Ethereum that was liquidated. The average entry was $4,745.71 on a total position of $198,750 executed by trading bots at bpay_group.
The liquidation shows recent downside volatility exceeded margin levels and likely triggered stop cascades in the $4,700–4,800 area, adding short-term selling pressure.
I will wait and watch for price stabilization and clearer support before re-entering; avoid chasing longs immediately after a liquidation event.
Analysis
The liquidation reflects elevated short-term volatility and margin stress around $4.7k; this likely created weaker liquidity and a higher chance of further downside until consolidation appears.
Recommendation
Wait for confirmed support and lower volatility before buying; monitor volume and order book for stabilization and avoid chasing longs now.
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.