Victoria Bazir
⬤ Ethereum has caught traders' attention after massive buy-side liquidity showed up on Binance during a volatile stretch across crypto markets. More than $150 million in bids are clustered between $2,700 and $2,800, showing serious demand near recent lows. The price bounced from this zone after a sharp drop, with buyers clearly stepping in to catch the falling knife.
⬤ The 4-hour chart shows ETH dipping into the $2,750 support area before stabilizing and pushing back toward $2,950. Order book heatmaps reveal thick liquidity layers below current price, especially around that $2,700–$2,800 pocket. These levels have worked as a reaction zone before, slowing downside momentum after the rapid slide from $3,400 earlier this month.
⬤ The broader picture stays cautious—Ethereum's still trading below recent highs and stuck in consolidation. But that visible bid wall tells us big players are ready to deploy capital here rather than wait for deeper discounts. Previous rebounds have kicked off from similar liquidity clusters, making this zone crucial for near-term price action. Right now, it's all about liquidity shifts, not directional momentum.
⬤ This matters beyond just ETH. Ethereum typically serves as a sentiment gauge for major altcoins across the market. If the $2,700–$2,800 zone holds, it could dial down volatility and stabilize conditions heading into year-end. But if it breaks, attention shifts to lower historical support levels. With order books driving the action, the next few sessions will show whether this demand can absorb continued selling pressure.
Victoria Bazir
