Breaking it down from a positioning perspective: ETH faces heavier near-term selling pressure. Sell orders on Binance perpetuals total $60.0227 million, $2.8589 million more than buy orders.
When news breaks, two things often happen at once:
· Early movers take profits
· Latecomers step in
Which group is larger determines the price direction. $ETH 24h Trading volume is $764 million—check whether it has surged unusually.
#ETH
When news breaks, two things often happen at once:
· Early movers take profits
· Latecomers step in
Which group is larger determines the price direction. $ETH 24h Trading volume is $764 million—check whether it has surged unusually.
#ETH