Ethereum Long Liquidation at $4,407 — Short-Term Weakness Expected
I saw a $52.9K long position on Ethereum liquidated at $4,407.64, which reflects a forced exit and immediate selling pressure at that level.
I view this as a short-term bearish signal: liquidations often trigger further downside or a stop-run before consolidation. Traders should watch nearby support levels and volume for confirmation of any bounce.
I'm reducing exposure and avoiding chasing longs until price shows a clear recovery with supportive volume or re-tests and holds key support.
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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.