Ethereum long liquidation signals short-term downside
I see that ETH long positions were liquidated, with an average entry around $4,755.61 and total exposure of about $73,845 managed by the bots.
This liquidation suggests a forced sell-off that amplified downside momentum and raised short-term volatility.
I will avoid adding new long exposure here and prefer to trim positions or wait for confirmed support before re-entering.
Analysis
Liquidation of longs at that average price indicates a cascade of forced selling and increased volatility, making further downside or choppy price action likely until clear support is established.
Recommendation
Reduce or close long exposure, tighten stops, and avoid buying the dip until price shows consolidation or clear support; consider selling into continued weakness.
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.