Nov 14 2020

There’s Millions of Dollars of Ask Orders Suppressing Ethereum Upside

published by Nick Chong
in blog Bitcoinist.com
original entryThere’s Millions of Dollars of Ask Orders Suppressing Ethereum Upside

ethbtc ethereum ethusd

Ethereum has undergone a strong rally over the past few weeks, moving higher with Bitcoin. But key market data suggests that the case for upside will be limited for the time being. For one, there are "monstrous sell walls" on Coinbase for the Ethereum chart. These walls should limit upside for the time being. Ethereum Market Data Suggests Price Could Drop Ethereum has...

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