Ethereum Shorts Liquidated at $4,481 — Bullish Short-Squeeze Signal
I see that $118K of ETH shorts were liquidated at $4,481.22, which suggests short-covering and a burst of buying pressure.
I view this as a short-term bullish signal, though the liquidation size is modest and needs follow-through via volume to confirm a sustained move.
I would scale in with risk controls — either buy into the momentum or wait for a clean pullback to add exposure.
Analysis
Recommendation
Consider a tactical buy with disciplined sizing and a stop-loss, or wait for a retracement to add; prioritize volume confirmation before increasing exposure.
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.