Ethereum short squeeze around $4,469 — bullish momentum likely
I just saw a large short get liquidated on ETH at an average price of $4,469.41 for a notional $178,776 — a classic short squeeze and a clear sign of buying pressure.
That liquidation increases the chance of near-term upside, though squeezes often bring heightened volatility and quick reversals.
I'm watching for follow-through or a disciplined pullback to add; manage size and use stops — mind yourself.
Analysis
Recommendation
Consider a buy stance with strict risk management: wait for follow-through on the upside or add on a controlled pullback, and set tight stops to protect against reversal after the 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.