Short Liquidated at $4,560 — Short Squeeze Could Boost Ethereum
I noticed an ETH short was liquidated for $155K at $4,560.34. That liquidation likely forced buybacks and created short-term upward pressure.
I view this as a bullish intraday signal but not proof of a sustained trend — forced liquidations can spark quick moves that fade.
I would monitor volume and price action, and consider adding exposure on a confirmed breakout or on a disciplined pullback with defined risk.
Analysis
Recommendation
Watch price and volume for confirmation. Consider buying on weakness or after a confirmed breakout, keep position sizes controlled and use stops to limit downside.
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.