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Ethereum Short Squeeze: $137K Liquidated at $4,437
I noticed a $137,000 short on Ethereum was liquidated at $4,437.64, indicating shorts were forced out at that price.
I see this as a bullish near-term signal from short-covering, but it's a single data point — I want to see follow-through with volume before committing larger size.
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Analysis
The $137K short liquidation at $4,437.64 suggests short-covering created upward pressure. To confirm a sustained move I need to see increased trading volume and price holding above nearby resistance o...
Recommendation
Watch price action and volume closely; consider buying on a confirmed pullback or breakout rather than chasing the immediate spike.
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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