Ethereum Short Squeeze — $58K Liquidated at $4,435.99 Signals Bullish Momentum
I noticed a $58K short position on ETH was liquidated at $4,435.99, which looks like a short squeeze that pushed price higher. I view that as a bullish technical event signaling short-covering and upward momentum.
I’m watching for follow-through and volume confirmation before committing significant capital. If ETH retraces to a clear support or shows a confirmed higher high, I’ll consider adding exposure with disciplined risk management.
Analysis
Recommendation
I’m watching price action rather than buying immediately. Consider buying on a validated pullback to support or after a confirmed breakout with managed position sizing and stop-losses.
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.