Ethereum Short Liquidation at $4,481 — Watch for Dip Entries
I note a $118K short position in Ethereum was liquidated at $4,481.22. That liquidation likely produced a short-squeeze move and temporary upward pressure on price.
I expect short-term volatility after the squeeze; the move is bullish in the near term but may not signal a sustained trend without follow-through volume.
Analysis
Recommendation
Watch price action and order flow; consider buying on weakness rather than chasing the immediate move. Use position sizing and stop-losses in case the squeeze reverses.
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.