ETH Two Sell Walls vs. Solid Buy Support
$ETH is still sitting between two important liquidity zones.
There are two sell walls above price that could continue to cap the upside and create resistance if buyers try to push through them.
At the same time, the buy wall that previously triggered a rebound is still holding strong. That makes the downside support worth watching closely.
For me, the key is which side gets absorbed first. If the sell walls get cleared, #ETH could have room to expand higher. If the buy wall starts thinning or disappears, that would change the short-term structure.
Right now, the order book is giving us a clear battle between overhead supply and defended demand.
$ETH is still sitting between two important liquidity zones.
There are two sell walls above price that could continue to cap the upside and create resistance if buyers try to push through them.
At the same time, the buy wall that previously triggered a rebound is still holding strong. That makes the downside support worth watching closely.
For me, the key is which side gets absorbed first. If the sell walls get cleared, #ETH could have room to expand higher. If the buy wall starts thinning or disappears, that would change the short-term structure.
Right now, the order book is giving us a clear battle between overhead supply and defended demand.
