Large $50.4K ETH Long Liquidated at $4,456 — Watch for Short-Term Downside
I observed a $50.4K ETH long position liquidated at $4,456.33.
I see this as evidence of short-term selling pressure and possible stop-hunt activity around the $4.45k area.
I will watch price action and liquidity at nearby supports before adding exposure.
Analysis
A single large liquidation can amplify volatility and trigger cascade stops, pushing ETH to retest support levels near $4.4k–$4.5k unless buying aggressively absorbs the flow.
Recommendation
I'm not initiating new longs now; wait for a clear bounce or confirmed support absorption before increasing exposure. Consider trimming risk if already long.
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.