Last night's PRO News Reminder: The main selling area above ETH is between $2485 and $2505. If the sell order cannot be effectively absorbed after being executed, it is easy to form suppression.
After ETH surged into this range today, the main entrusted wall selling transactions totaled $46.66 million, including a super large order worth $22.865 million. Subsequently, the price was suppressed again and has now returned to the $2485 line.
The value of this signal lies in the fact that the pressure zone is not drawn after the market has finished, but was locked in advance last night through "main large order tracking" and verified today by real large order transactions.
Short term attention can still be paid to the support and pressure areas reminded last night:
-$2485 to $2505: Continue to observe whether the selling order can be digested
-$2440~$2425: Below support reference
In addition, there is a large order worth approximately 13.06 million US dollars that is being repeatedly suspended and withdrawn in the near end, and the trading strategy is still ongoing.
The data is sourced from the PRO "Main Large Order Tracking" indicator, which monitors the real-time status of large limit orders, cancellations, and transactions. It is for reference only.
