A green candle doesn’t mean selling pressure is gone.
$ETH Price: 2,457, up 4.9% on the day, about 1.5% below the high.
Binance top-five bids: about 38k; asks: about 278k. Bid/ask ratio: about 0.14.
HL positions: about 2.67B; about 1.17B for the day; density: 2.3.
Price is surging, but the order book is selling into it—mark it as a pressured climb, not a breakout.
#ETH簿口 #SellingPressureStructure
$ETH Price: 2,457, up 4.9% on the day, about 1.5% below the high.
Binance top-five bids: about 38k; asks: about 278k. Bid/ask ratio: about 0.14.
HL positions: about 2.67B; about 1.17B for the day; density: 2.3.
Price is surging, but the order book is selling into it—mark it as a pressured climb, not a breakout.
#ETH簿口 #SellingPressureStructure