buy

Ethereum short-liquidation at $4,505.68 suggests short-squeeze momentum

I observed a $127,000 short position on Ethereum get liquidated at $4,505.68, which signals short-covering pressure at that level.

This liquidation can create short-term upward momentum as forced buys push price higher, but I want to see volume and follow-through above $4,500 before calling a sustained breakout.

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Analysis

The $127K short liquidation at $4,505.68 is a bullish microstructure event: it likely caused forced buying that can amplify intraday gains. However, without strong volume and clear continuation above ...

Recommendation

Treat this as a short-term bullish signal — consider buying on confirmed continuation above $4,500 or on weakness toward nearby support, and use tight risk management given the event's transitory natu...

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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