230 million US dollars, ETH experiences a highly concentrated wall of pending orders

According to the tracking of major orders, there is an extremely dense wall of entrusted buy orders below the current price of ETH, with a total amount of about 230 million US dollars, mainly concentrated in the range of $2175~$2140. Among them, the entrusted purchase orders in the range of $2175~$2165 are particularly concentrated, with a total of 37 transactions and an amount exceeding $86.6 million. It is worth noting that this narrow range is also in the clearing magnetic zone, and if touched, it may further amplify the price response, so it is necessary to keep an eye on it. From a technical perspective, ETH is currently constrained by the EMA31 moving average with a 45 minute cycle, and there has been no significant fluctuation in its position. In the short term, it may mainly fluctuate in a narrow range. It is recommended to focus on the changes in pending orders, cancellations, and transactions below the current price in the short term. The data is sourced from the PRO "Main Large Order Tracking" indicator and is for reference only.