#ETH

Ethereum slightly pulled back, fluctuating in the range of $3,600-3,800. The large order statistics show that there are nearly 150 million pending sell orders in the upper range of $3,800-4,100, and the contract sell orders are also large, that is, the liquidity of breakthrough orders and stop-loss orders is close to the previous high. The long position of the ETH/BTC trading pair on Bitfinex has reached 1/3, nearly 80,000 lots. [Figure 2] The Ethereum spot order book shows that the sell orders are dense in the sideways price range. [Figure 3]