Ethereum Short Liquidation: $51.1K Taken Out at $4,487
I noticed a short liquidation on ETH for $51.1K executed at $4,487.22. This indicates short-covering at that level and created a brief bullish impulse.
The size is meaningful for traders watching orderflow but small relative to overall ETH liquidity, so it’s an indicator rather than a trend change by itself.
I’m watching price action and volume around $4,487 for follow-through before increasing exposure.
Analysis
Recommendation
Monitor price and volume near $4,487 for follow-through; consider waiting for confirmation or buying on weakness rather than chasing the spike.
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.