The 45-minute cycle signal shows ETH is crossing below the EMA89 while testing the recent volume point of control (POC), with open interest continuing to decline and bullish and bearish momentum clearly converging. Adding to this, tonight’s 8:30 PM CPI data is expected to come in higher, potentially prompting the market to choose a direction near key volume levels. Key insight: Major players have placed a $171 million order wall at the current price, including two exceptionally large orders exceeding $19 million each. If price holds or breaks through, this order wall will serve as a short-term liquidity target. Unlock PRO’s “45-Minute Custom Cycle” and “Large Order Tracking” to identify ETH’s next potential target in advance. Data for reference only.
ETH Faces Key Level Amid $171M Order Wall Ahead of CPI Data Release
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Summary
Ethereum (ETH) is testing a key resistance level while trading below the EMA89, with open interest declining and long-short momentum narrowing. A $171 million order wall is positioned near current levels, including two orders above $19 million. The price may find support or break resistance following the CPI data release at 20:30.
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