Ethereum Short Liquidation at $4,735 — Momentum but Stay Cautious
I saw a sizable ETH short get liquidated at an average price of $4,735.03, wiping out roughly $345,463 of notional exposure. That squeeze indicates there was meaningful upside pressure in the market.
I'm cautiously optimistic but keeping my feet on the ground — liquidation-driven rallies can fade quickly. I'll wait for clear follow-through or a safe pullback before increasing exposure.
Analysis
Short liquidation at this size points to bullish intraday pressure and a potential short squeeze, but such moves are often volatile and can reverse without sustained volume or confirmed higher highs.
Recommendation
Watch price action closely and wait for consolidation or a retracement to enter; avoid chasing the spike and consider buying on weakness or after confirmed continuation.
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.