Ethereum Short Liquidation at $4,569 — Short-term Bullish Signal
I see a $134K short liquidation on Ethereum at $4,569.91, which is a short-squeeze event that favors bulls in the near term. This removal of short pressure can create upward momentum but is not decisive on its own.
I will watch price action and volume for follow-through; if support holds on a retest I may add exposure, but I won’t chase a breakout without confirmation.
Analysis
Recommendation
Watch for confirmation: if price retests and holds support, consider buying on weakness or scaling in gradually. Avoid chasing the move without clear volume-backed follow-through.
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.