A $9 million buy order is sitting just 0.23% away from the current price, providing support.

The futures order book has 3,911.02 $ETH stacked at $2,303.00, holding firm just below the then-current price of $2,308.40.

A large order this close suggests that major players don’t want the market to fall below $2,300. In the short term, this level has to hold as support.