Ethereum Short Squeeze: $118K Liquidated at $4,481
I noticed a $118K short liquidation on Ethereum at $4,481.22, which likely caused a brief short squeeze.
I see this as a bullish micro-signal: forced cover can push price higher in the short term, but it doesn't guarantee a sustained trend.
I would consider entering a long position if momentum continues or wait for a sensible pullback and set tight risk controls.
Analysis
Recommendation
Prefer a cautious buy: enter on confirmed continuation or on a controlled pullback, keep position sizing conservative, and use stop-losses to manage the risk of reversal.
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.