My View: Price is stagnating near the day's low after a failed rally. The order book shows extreme Ask dominance (87.16%) with a massive wall of 332,976 ETH at 3,125.89, directly at the current price. This immense selling pressure dwarfs the Bid support and indicates strong distribution. A break below this level is highly probable, targeting the 24h low.
My View: Price is stagnating near the day's low after a failed rally. The order book shows extreme Ask dominance (87.16%) with a massive wall of 332,976 ETH at 3,125.89, directly at the current price. This immense selling pressure dwarfs the Bid support and indicates strong distribution. A break below this level is highly probable, targeting the 24h low.