Ethereum Short Liquidation at $4,621 Signals Short-Term Bullish Momentum

I see a sizable ETH short was liquidated at an average price of $4,621.15, with about $184,846 closed out. This forced short covering likely removed selling pressure and can create upward momentum in the near term.

I view this as a bullish micro-structure signal but not a macro reversal on its own — the position size is meaningful intraday but small versus overall market depth.

I will watch price action around $4.6k and consider adding on confirmed follow-through or on a controlled pullback, keeping stops tight.