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Ethereum Short Liquidated at $4,735 — Stay Grounded

I just saw a large short on Ethereum get liquidated at an average price of $4,735, costing about $345,463. That move highlights recent upside momentum and elevated volatility in ETH.

I'm cautious despite the short squeeze — this kind of move can reverse quickly. I'll stay grounded, monitor price action, and emphasize risk management before increasing exposure.

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Analysis

The liquidation indicates strong short-covering and short-term bullish pressure, but it also increases the likelihood of volatile chop or a pullback as leveraged positions adjust. Key support/resistan...

Recommendation

Watch price action and avoid chasing rallies; consider buying on confirmed weakness with defined stops or wait for clearer confirmations 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.

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