Ethereum long liquidation at $4,604 — short-term caution advised
I noticed a $77.1K Ethereum long was liquidated at $4,604.33. I view this as a sign of short-term selling pressure around this level.
I think the liquidation could indicate stop-run activity or a small cascade of deleveraging rather than a definitive trend change. I would watch how price reacts to nearby support and volume before adding new long exposure.
Analysis
The $77.1K liquidation at $4,604.33 likely reflects deleveraging and short-term downside pressure; absent broader macro triggers, it may be a local stop-run rather than a sustained reversal.
Recommendation
I will watch price and volume around key support, avoid initiating fresh leveraged longs until confirmation, and consider tightening stops or taking partial profits on existing long positions.
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.