ETH's price action is surprisingly resilient right now. Despite heavy selling pressure hitting both spot and futures markets—especially noticeable on major platforms like certain compliance-focused and top-tier exchanges—the token's holding its ground.
What's interesting? There are resting buy orders soaking up those market sells like a sponge. Someone's clearly defending these levels.
Funding rates remain neutral, which tells you leverage isn't getting crazy yet. Meanwhile, open interest is unwinding and moving sideways. Classic ranging behavior. Not screaming bull or bear—just... steady.
The absorption pattern here matters more than the noise.
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GateUser-00be86fc
· 5h ago
This wave of ETH is indeed resilient under pressure, with big investors absorbing the orders.
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BridgeJumper
· 12-09 20:44
Someone is quietly accumulating at the bottom. I've seen this pattern too many times.
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GasFeeNightmare
· 12-09 14:44
Someone is accumulating chips at the bottom, that's the key point, it's not about the funding rate.
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ForkInTheRoad
· 12-09 01:07
A whale is dumping, but the buy orders are stacked tightly... This is crazy. Who on earth is supporting the price?
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MagicBean
· 12-09 01:06
Buy orders are being eaten up, this means the whale is supporting the price. No wonder it's so stable.
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RektCoaster
· 12-09 01:05
Someone is secretly propping up the price. This tactic is pretty old-fashioned.
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BearMarketGardener
· 12-09 00:56
Someone is secretly supporting the price this time; the accumulation tactics are still the same old tricks...
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DAOTruant
· 12-09 00:47
Someone is quietly accumulating at the bottom; this round of defense looks well-prepared.
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BloodInStreets
· 12-09 00:38
There are always people quietly buying at the bottom, which means the big players haven't given up yet.
ETH's price action is surprisingly resilient right now. Despite heavy selling pressure hitting both spot and futures markets—especially noticeable on major platforms like certain compliance-focused and top-tier exchanges—the token's holding its ground.
What's interesting? There are resting buy orders soaking up those market sells like a sponge. Someone's clearly defending these levels.
Funding rates remain neutral, which tells you leverage isn't getting crazy yet. Meanwhile, open interest is unwinding and moving sideways. Classic ranging behavior. Not screaming bull or bear—just... steady.
The absorption pattern here matters more than the noise.