don't buy

Large ETH Long Liquidated at $4,459 — Short-Term Weakness Expected

I just saw a long on ETH/USDC get liquidated — average entry $4,459.02 and a position size of $353,038. That's not funny.

This liquidation likely forced rapid selling and highlights near-term volatility and downside pressure for ETH.

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Analysis

The forced liquidation of a sizable long suggests cascading stops and short-term selling pressure around the $4,459 area; market may see continued volatility and weaker bids until clear support reappe...

Recommendation

Don't buy now — wait for stabilization or confirmed support; if considering exposure, use small, staged entries or buy on confirmed weakness with tight risk controls.

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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