buy
Ethereum short squeeze — $70.6K liquidated at $4,531, short-covering may fuel upside
I observed a $70.6K short on Ethereum get liquidated at $4,531.56.
This forced liquidation indicates short-seller pain and potential near-term bullish momentum for ETH, though a follow-through confirmation is needed before assuming a sustained rally.
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Analysis
Shorts worth $70.6K were stopped out at $4,531.56, suggesting buyers overwhelmed sellers and created short-covering pressure; watch on-chain and exchange volume and whether price holds above recent re...
Recommendation
I view this as a bullish signal—consider buying on confirmed follow-through or scaling in with risk controls; alternatively wait for a retest of support before adding size.
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.