Market hidden battle: The intricacies of long and short games
Current ETH market shows characteristics of a "solid buy wall and scattered selling pressure":
The concentrated area of buy orders (2557-2757) has accumulated over 9,000 contracts, forming a strong support zone
The main buy orders have accumulated 3,281 contracts at the price level of 2757, equivalent to a defense line of $875,000
The continuous positive value of the委差 (+229,056) shows strong willingness for fund entry
Transaction secret: Smart money is laying out positions
The latest transaction details reveal two major points:
At the key price level of 2557, there were consecutive 11 and 4 active buy orders, suggesting institutional accumulation
Despite the large sell order of 19 contracts, it was quickly supported by 3,188 buy orders, validating the bottom support
Technical resonance: 2600 is not out of reach
Looking at the breakthrough potential in combination with the market environment:
Volume-price coordination: The current price stabilizes at the key level of 2550, with only a 1.8% increase to 2600
Market sentiment: The total market capitalization of cryptocurrencies has surpassed $2.4 trillion, with a significant fund rotation effect
Catalyst: The final approval window for the Ethereum ETF is approaching, which may trigger a breakout
Risk warning: Be cautious of historical pressure from trapped positions in the 2580-2600 range. If it stabilizes above 2560 for three consecutive days, the breakout probability will exceed 70%. It is recommended that investors pay attention to changes in hourly trading volume; a breakout above 2580 can be seen as a signal to advance.
This battle for 2600 is not only a breakthrough in technical aspects but also a litmus test for market confidence. When traditional institutions and crypto natives' funds combine forces, Ethereum may welcome a new round of value reassessment.
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$ETH