Ethereum Long Liquidation: $113K Closed at $4,420
I observed a large Ethereum long liquidation: $113,000 closed at $4,420.32.
This liquidation likely removed leveraged long exposure and may add short-term downward pressure or volatility around the $4,420 level.
I will monitor price reaction, volume and open interest before making any directional trades.
Analysis
Recommendation
I’m not taking a new long here; I’ll watch price behavior, volume and open interest around $4,420 before considering entries. Wait for confirmation of support or a clear reversal signal.
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.