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Ethereum Short Squeeze: $58K Liquidated at $4,435.99

I noticed a $58,000 short liquidation in Ethereum at $4,435.99. I read this as short-covering that can create near-term upward pressure on price.

I see this as a bullish micro-event but not conclusive trend reversal. I will watch for follow-through volume and price action above nearby resistance before adding exposure.

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Analysis

A $58K short liquidation at $4,435.99 suggests short-covering and a temporary lift in buying pressure. This reduces immediate downside risk around that level but doesn’t guarantee sustained upside wit...

Recommendation

Watch price and volume for confirmation. If follow-through appears, consider scaling in on strength or buying on a tested pullback with a clear stop below recent support; otherwise remain sidelined un...

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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