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ETH

Large $353K ETH Long Liquidated at $4,459 — Watch for Further Downside

I recorded a long liquidation of $353,000 on Ethereum at $4,459.02.

This sizable wipeout points to concentrated leverage and short-term selling pressure around the $4.4k level.

I will stay cautious and wait for clear support or a confirmed recovery before re-entering longs; a break lower could trigger more liquidations.

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Analysis

The sizeable $353k long liquidation at $4,459 indicates clustered leverage and abrupt selling; this raises the probability of short-term downside continuation if nearby support fails, while a hold abo...

Recommendation

Avoid initiating fresh long positions until price confirms support or a rebound; consider reducing exposure or selling into strength and monitor funding rates and order-book liquidity closely.

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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