Large $2.97M ETH Long Liquidation at $4,426 Signals Short-Term Weakness
I observed a $2.97M Ethereum long liquidation executed at $4,426.31. A liquidation of this size suggests clustered stops and forced selling at that price.
I believe this increases near-term selling pressure and volatility, raising the chance of a test of nearby support levels.
I will wait for clearer stabilization or a confirmed bounce before adding fresh long exposure.
Analysis
Recommendation
Monitor price action and order flow around key support levels; avoid initiating new long positions until consolidation or a clear bounce is confirmed.
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.