Ethereum Short Liquidation Signals Short-Squeeze Momentum
I noticed $109K of short positions on Ethereum were liquidated at $4,616.90, which indicates short-covering and temporary upward pressure on price.
I view this as a bullish signal but not definitive — I need to see follow-through with higher volume and sustained price action before committing larger capital.
I'll monitor intraday volume and support levels; a confirmed hold above recent highs would justify phased entries, while a failure to hold suggests staying patient.
Analysis
Recommendation
Watch price and volume for follow-through; consider small, phased buys on confirmed strength or on shallow pullbacks that hold key support, but avoid large positions until the breakout is validated.
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.