Last night at 19:43, PRO News reminded that there is a $132 million main selling wall above ETH, and short-term attention should be focused on $1920 to $1940.
Subsequently, the main force sold on the wall for a total of 91.25 million US dollars, far higher than the 28.11 million US dollars for buying transactions, with a transaction difference of 63.15 million US dollars.
During this period, ETH reached a high of $1924.97, but failed to stabilize after entering the sell wall area, and the price fell back to around $1875.
This is the role of the main selling wall:
-Before making a deal, be bullish (the price needs to rise to make a put order);
-After the transaction, bearish (pressure formed by selling orders).
At present, Binance ETH/USDT perpetual near end has over $330 million worth of commission orders in the game, which can unlock PRO member tracking.
The data is sourced from the PRO "Main Large Order Tracking" indicator and is for reference only.
