According to large order tracking, ETH currently has more large sell orders placed, with a total of $160 million in pending sell orders and a net sell position of $58.45 million, targeting the $2310–$2340 range. Notably, a massive order worth $16.39 million has been placed at $2340 and has remained active for over 6 hours—this level warrants close attention. Concentrated large sell orders across multiple platforms typically aim to suppress price movement or distribute holdings, often resulting in a "rise followed by a decline" price pattern. Please closely monitor changes in these sell orders, including cancellations and executions. Data is for reference only and does not constitute investment advice.
160M USD sell wall detected for ETH at $2310–$2340
AiCoinShare
Summary
ETH news: AiCoin reports a $160M sell wall for ETH, with $58.45M concentrated between $2,310 and $2,340. A $16.39M order at $2,340 has remained unfilled for over 6 hours. ETH update: Accumulated large sell orders may indicate price suppression or profit-taking. Monitor order movements closely. Data is for reference only.
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