buy

Ethereum Short Squeeze: $118K Liquidated at $4,481

I observed that a $118,000 short position in Ethereum was liquidated at $4,481.22.

That liquidation likely created a short squeeze, adding immediate buying pressure and increasing the chance of near-term upside; I'll watch volume and key resistance levels for confirmation.

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Analysis

A sizable short liquidation at 4,481 points to forced short covering that injected buy-side liquidity and can amplify upward momentum. Continued gains require follow-through volume and clear breaks of...

Recommendation

I'm inclined to buy on confirmed follow-through above resistance or on a controlled pullback to support, using tight stops to manage risk rather than chasing an exhausted rally.

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.

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