Large $90.5K ETH Long Liquidated at $4,547 — Short-Term Bearish Pressure

I see a $90.5K ETH long was liquidated at $4,547.38. That forced sell likely added short-term downward pressure and increased volatility around the current levels.

I view this as a sign of weak bullish conviction in the immediate term — liquidations like this can cascade if funding and leverage remain elevated, but a single liquidation of this size is not by itself market-dominating.

I will watch price action, volume and funding rates for confirmation before adding exposure; I’m avoiding new aggressive longs until ETH shows stabilization or a clear retest of support.