Large ETH Long Liquidation at $4,446 — Short-Term Bearish Pressure
I noticed a $73.2K long on Ethereum was liquidated at $4,446.52. This large forced exit suggests short-term selling pressure and increased volatility around current levels.
From my perspective, the liquidation could be a stop-hunt or a momentum squeeze that amplifies downside risk if follow-through selling appears. I’d watch nearby support levels and volume for confirmation.
I’m not adding risk here until price stabilizes above major support (around $4,000) or shows clear reclaim strength. Use tight risk management if trading intraday around these levels.
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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.