Large ETH Short Liquidation at ~$4.75k Signals Upward Pressure
I observed a large ETH short get liquidated at an average price of $4,753.65. The position size liquidated was about $242,436.
Short liquidations like this often create upward pressure or short-squeeze dynamics, but one event alone doesn’t confirm a sustained trend. Everything has a price.
Analysis
Recommendation
Watch price action closely and avoid chasing rallies. Consider buying on weakness or on confirmed support/retest with controlled position sizing and clear stops.
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.