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ETH

Large $2.97M ETH Long Liquidated at $4,426 — Short-Term Bearish Pressure

I observed a $2.97M long on Ethereum liquidated at $4,426.31.

This sizeable long liquidation likely increased selling pressure and amplified short-term volatility around current levels.

I'm monitoring price action and liquidity; I would avoid adding aggressive long exposure until I see price stability or a clear support test.

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Analysis

The forced exit of a multi-million dollar long likely triggered additional sell orders and stop cascades, raising intraday downside risk. Whether this is a transient spike or start of a broader pullba...

Recommendation

Watch price action and liquidity closely; reduce leveraged exposure and avoid aggressive new long positions until volatility subsides and a clear support level is established.

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.

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