Ah, the theater of the markets! Behold, the great analyst Ted Pillows, with his quill dipped in the ink of liquidity heatmaps, doth proclaim the fate of Ethereum! Lo, in the past week, this digital muse hath stumbled, falling by a mere 1.64%, a tragedy most foul! 😱
Ethereum Traders, Prepare for the Sweep of Fate!
On the first day of November, Pillows, in a post most sagacious, revealed the secrets of Coinglass’s liquidity heatmap. Behold, the upper band, stretching from $3,900 to $4,200, doth teem with limit orders, as traders lie in wait, ready to sell like merchants at a flea market! 🛍️ This, dear reader, is the resistance zone, a fortress that bulls must breach if they hope to ascend to glory.
Yet, on the flip side, a cluster of liquidity lurks at $3,750, a siren calling the price downward, a support most crucial in times of despair. 🌀
Pillows, with a wink and a nod, suggests a liquidity sweep-a dance where price dips into the depths, triggering stop losses and filling bids, only to rebound with the grace of a court jester! 🎭 Should this come to pass, a journey to $3,750 may precede a rebound, aiming once more for the lofty heights of $3,900-$4,200.
At present, Ethereum lingers around $3,800, eyeing a 10% gain, but not without a dramatic correction and liquidations aplenty. Oh, the folly of it all! 🤡
ETH Treasuries: A Tale of Confidence Amidst Fear
In other acts of this grand play, Ethereum treasury companies stand firm, their confidence unshaken despite the specter of sales and volatility. CoinMarketCap doth report a 13.34% fall in Ethereum’s price over the past month, yet Sentora, the wise analytics firm, reveals a net inflow of 550,000 ETH! Though less than August’s bounty, it is a testament to investors’ faith in Ethereum’s long-term allure. 💎
As the curtain falls on this day, Ethereum trades at $3,873, a modest 0.44% gain, while trading volume slumbers, down by 53.83% at $17.57 billion. 🌙
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2025-11-03 02:11