Ethereum Shorts Liquidated — Bullish Momentum but Stay Cautious
I saw a large short liquidation on ETH. The average exit price was $4,735.03 and the total liquidated size was about $345,463.
This points to a short squeeze and recent bullish pressure, but I remain cautious about chasing the move.
I'll keep monitoring price action and volumes and recommend staying grounded rather than adding risk impulsively.
Analysis
The short liquidation (avg. $4,735; $345k) signals a short squeeze and upside momentum in ETH, but the move could be followed by volatile retracements as traders rebalance.
Recommendation
Watch price and volume closely; avoid chasing longs now and consider buying only on measured pullbacks with strict risk management.
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.