Ethereum Short Liquidation at $4,775 — Watch for Follow‑Through
I observed a short on ETH get liquidated at an average price of $4,775, with roughly $145,074 in notional exposure.
I view this as a short squeeze that injected upward momentum and raised near-term volatility.
I will monitor price action for follow-through or a retracement before committing to a new directional trade.
Analysis
Recommendation
Watch price action for follow-through above recent highs or a clean retest; aggressive traders can consider buying on weakness, while others should wait for clear confirmation.
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.