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.
ETH-6.4%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
GateUser-00be86fcvip
· 5h ago
This wave of ETH is indeed resilient under pressure, with big investors absorbing the orders.
View OriginalReply0
BridgeJumpervip
· 12-09 20:44
Someone is quietly accumulating at the bottom. I've seen this pattern too many times.
View OriginalReply0
GasFeeNightmarevip
· 12-09 14:44
Someone is accumulating chips at the bottom, that's the key point, it's not about the funding rate.
View OriginalReply0
ForkInTheRoadvip
· 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?
View OriginalReply0
MagicBeanvip
· 12-09 01:06
Buy orders are being eaten up, this means the whale is supporting the price. No wonder it's so stable.
View OriginalReply0
RektCoastervip
· 12-09 01:05
Someone is secretly propping up the price. This tactic is pretty old-fashioned.
View OriginalReply0
BearMarketGardenervip
· 12-09 00:56
Someone is secretly supporting the price this time; the accumulation tactics are still the same old tricks...
View OriginalReply0
DAOTruantvip
· 12-09 00:47
Someone is quietly accumulating at the bottom; this round of defense looks well-prepared.
View OriginalReply0
BloodInStreetsvip
· 12-09 00:38
There are always people quietly buying at the bottom, which means the big players haven't given up yet.
View OriginalReply0
View More
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)