Ethereum long liquidation at $4,446 signals short-term weakness
I noticed a $73.2K long on Ethereum was liquidated at $4,446.52. That level triggered visible selling and likely removed some bullish conviction in the short term.
I view this as a bearish sign for near-term ETH price action — liquidation clusters often amplify downside momentum and increase volatility.
I'm reducing fresh long exposure and watching for a clear support retest or capitulation before considering re-entry.
Analysis
Recommendation
Reduce or avoid initiating new longs for now, tighten stops if holding positions, and wait for a confirmed support retest or clear reversal signal before adding 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.