Yitai slightly pulled back and fluctuated in the range of 3600-3800 US dollars.
The number of pending sell orders in the upper range of 3800-4100 US dollars is close to 150 million orders, and the sell order volume is also large, that is, the liquidity of stop-loss orders near breakthrough orders and previous highs is high.
The long position of Yitai/Big Pie trading pair on BF also reduced by 1/3, nearly 80,000 lots.
The spot order book shows that the sell orders are dense in the sideways price range.
Overall, Ethereum is not suitable for chasing long at present!
