$ETH ๐ง ๐ Absorption in ETH: a key signal in days of panic
After a sharp drop, large sell walls appeared in the order book:
๐ด 29k
๐ด 20k+
๐ด 13k
๐ด 10k+
At first glance, it seemed very bearish.
Butโฆ
๐ The price did not continue to fall.
It remained steady in the 2390 zone.
What does this mean?
๐ There are large buyers absorbing selling pressure.
๐ They are buying everything the market throws.
๐ They do not let the price sink.
This is called absorption.
When it appears after capitulation, it usually indicates:
โ Possible short-term bottom
โ Accumulation
โ Preparation for a rebound
It is not a signal to enter without confirmation,
but it is worth paying attention to.
In volatile markets, reading the order flow makes a difference.
#ETH #cryptotrading #Orderflow #PriceAction #BinanceSquare
