Ethereum Short Liquidation at $4,449 Signals Near-Term Bullish Momentum
I noticed Ethereum shorts worth $75.3K were liquidated at $4,449.46, which reflects short-covering and upward pressure at that price point.
I view this as a bullish near-term signal, though the liquidation size is relatively small versus overall market open interest.
I’m watching for confirmation — sustained price and volume above $4,500 would strengthen the bullish case; failure to follow through could see the move fade.
Analysis
Recommendation
Consider a selective buy only on confirmed follow-through above $4,500 or otherwise wait and watch price action and volume before increasing 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.