🚨 $50M in ETH Sold on Binance, But Price Barely Moves!
Around $50 million worth of ETH was sold on Binance within an hour, yet Ethereum held near $2,552.
📊 Key levels:
Support: $2,550
Resistance: $2,578
Heavy selling without a significant price drop may indicate that buyers are absorbing sell pressure. Interestingly, other exchanges did not show the same selling activity.
👀 If ETH holds above $2,550, buyers may remain in control. A breakdown below this level could increase downside pressure.
The next move depends on whether buyers can defend support.
$ETH
#eth #sell
Around $50 million worth of ETH was sold on Binance within an hour, yet Ethereum held near $2,552.
📊 Key levels:
Support: $2,550
Resistance: $2,578
Heavy selling without a significant price drop may indicate that buyers are absorbing sell pressure. Interestingly, other exchanges did not show the same selling activity.
👀 If ETH holds above $2,550, buyers may remain in control. A breakdown below this level could increase downside pressure.
The next move depends on whether buyers can defend support.
$ETH
#eth #sell