Ethereum Short Squeeze: $70.6K Liquidated at $4,531 — Short-Term Bullish
I note a short liquidation on Ethereum: $70.6K of short positions were closed at $4,531.56, which points to short-covering and near-term bullish pressure. The green signal is encouraging, but the liquidation size is modest relative to overall market depth.
I’ll watch for follow-through volume and price action before committing. If ETH holds above nearby resistance or pulls back to support with strong order flow, I’d consider entering or adding to positions.
Analysis
Recommendation
Watch price and volume closely; consider buying on weakness near support or on a confirmed break above resistance rather than chasing the initial squeeze.
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.