Ethereum Short Squeeze: $308K Liquidated at $4,486 — Watch for Follow‑Through
I noticed a $308,000 short liquidation in Ethereum at $4,486.65. That liquidation likely caused short-covering and temporary upward pressure on price.
I view this as a bullish intraday signal but not proof of a sustained trend change — I need follow-through volume, clean price action, and support confirmation before increasing exposure.
Analysis
Recommendation
I'm watching for follow-through: consider buying only after a confirmed breakout or a reliable pullback to strong support; otherwise remain on the sidelines.
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.