Ethereum Short Squeeze: $91.5K Liquidated at $4,490 — Bullish Pressure Building
I observed a $91.5K short on Ethereum get liquidated at $4,490.90. This indicates shorts were squeezed as price moved through stop levels.
I see this as a bullish datapoint that reduces immediate downside pressure and can fuel further upside if momentum holds. I would remain cautious for a pullback and watch whether buyers sustain higher levels.
Analysis
Recommendation
I view this as a modestly bullish signal — consider buying on confirmed follow-through or on a controlled pullback with a clear stop under recent support to limit risk.
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.