The $190 million sell wall has materialized, and Ethereum's main players have fulfilled the “pump and dump” scenario.
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Last night, PRO Flash Alerts reminded that a dense sell wall worth $190 million appeared above ETH, indicating that major players intended to suppress the price and heavily bet on $2400. Subsequently, ETH moved as expected towards the sell zone, with $318 million in sell orders filled, completing the deployment of major players' short positions. After that, ETH turned downward, briefly receiving support at $2340 (major players' buy orders + EMA21), but due to a lack of follow-up capital, the price continued to probe lower into the liquidity zone (liquidation magnet zone + major buy order zone). Each key point in this round of volatility closely overlapped with the placement of large orders and transaction volumes from major players. “Major Player Code” interpretation: The major sell wall is usually intended to suppress the price or facilitate distribution, with the trend typically showing "rise first, then fall." With the PRO “Major Block Order Tracking” indicator, you can capture these unusual movements in real time and be the first to see major players' next moves.
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