Ethereum Short Liquidated: $30.3K Closed at $4,281.35 — Bullish Micro-Signal
I observed a short on Ethereum (ETH) get liquidated: a $30.3K position was closed at $4,281.35. This liquidation on ETH highlights short-covering activity and a potential shift in near-term market dynamics for the cryptocurrency.
I view this liquidation as a notable micro-event in ETH trading — it signals realized losses for leveraged shorts and can momentarily reduce downward pressure on price. Traders watching Ethereum price action and liquidation data should take note of this $30.3K short being squeezed out at $4,281.35.
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