Last night at 19:42, PRO News reminded: ETH retraced for 45 minutes with EMA55 and MACD divergence, while the main players below are buying heavily. Pay close attention to the undertaking of $2455 to $2435.
Subsequently, ETH fell below EMA55, hitting a low of $2412.69. During this period, the main force accumulated a total of 172 million US dollars in limit buy orders, with a transaction difference of+25.24 million US dollars. Among them, there were also 4 10 million US dollars in sell orders, totaling 68.38 million US dollars.
At present, the price has returned to above $2455, and the support zone reminded last night is still in effect.
It is worth noting that there is currently a major order worth 21 million US dollars in the market, which has been pending for over 5 hours. Next, the focus will be on whether it will continue to place orders, cancel orders, or ultimately be executed.
Main role of hanging and buying walls:
-Before making a deal, be bearish (the price needs to fall to make a deal);
-After the transaction, it is bullish (buying takes over, forming support).
The data is sourced from the PRO "Main Large Order Tracking" indicator and the "45 point Custom Cycle".