Ethereum Short Liquidation at $4,539 Suggests Short-Term Bullish Momentum
I noticed a $189K short on Ethereum was liquidated at $4,539.44, which likely produced a short-term uptick from forced buy orders. I view this as a bullish micro-event that can add momentum in the near term.
That said, the liquidation size is small relative to ETH’s market depth, so I’m watching volume and key levels for confirmation before increasing exposure.
Analysis
Recommendation
I recommend a cautious buy on confirmation or a buy on weakness with strict risk management; keep position size limited and place stops below the nearest support levels.
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.