Ethereum Longs Liquidated $462K at $4,609 — Short-Term Bearish
I noticed a $462K Ethereum long liquidation executed at $4,609.67. That size of forced selling confirms short-term downside pressure around this price area.
I'm cautious about initiating fresh longs until price shows stability or reclaims key levels above the liquidation price. Volatility may persist and trigger further stop cascades.
Analysis
Recommendation
I'm avoiding new long entries and would tighten stops or take profits on exposed positions; wait for confirmation of support or a clear reclaim above the liquidation level before buying.
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.