Summary
- CoinGlass reported that Ethereum (ETH) hit a strong sell wall near the $4,000 mark.
- It announced that between $3,850 and $4,000, a large-scale sell wall of 68,000 ETH (worth $263 million) had formed.
- Currently, on the Binance USDT market, Ethereum is trading at $3,699, down 2.86% from 24 hours ago.
An analysis has been raised that Ethereum (ETH) encountered a strong sell wall near the $4,000 mark.
On the 22nd (local time), CoinGlass stated via X (formerly Twitter), "A large-scale sell wall of 68,000 ETH (worth $263 million) has formed between $3,850 and $4,000," and added, "It appears someone is intentionally suppressing the upward trend."
As of 9:36 p.m., based on the Binance USDT market, Ethereum is trading at $3,699, down 2.86% compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)