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Ethereum Short Squeeze: $338K Liquidated at $4,522

I noticed a $338K short on Ethereum was liquidated at $4,522.22. That kind of short squeeze usually reflects rapid short-covering and can push price higher in the near term.

I see this as a short-term bullish signal, though I'm cautious about immediate retracements and resistance levels after the squeeze.

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Analysis

The liquidation indicates short-covering pressure removed bearish bets around $4,522, which can accelerate upside momentum. However, single liquidation events can be followed by retracements as trader...

Recommendation

I would consider a tactical long bias: either buy on a confirmed break higher or scale in on a disciplined pullback, with strict stops given the volatility from squeezes.

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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