buy
Ethereum Short Liquidations at $4,417 Signal Short-Covering
I saw $85.6K of ETH shorts liquidated at $4,417.19, indicating short-covering and upward pressure on price.
This move can spark a short squeeze, but the liquidation size is modest relative to ETH’s market; I’ll wait for volume and follow-through before increasing exposure.
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Analysis
Short liquidations remove immediate bearish pressure and can accelerate upside via a short squeeze, but $85.6K is small versus overall ETH liquidity; the event is bullish but not decisive without supp...
Recommendation
I would consider a cautious buy only after confirming follow-through (increased volume and price action above resistance) or on a disciplined pullback; use strict risk management and size positions co...
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.