CW
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CW
@CW8900
Crypto investor & Data analyst CryptoQuant verified author Materials Science & Engineering Ph.D Key on-chain data and chart analysis are posted in highlight


Buying pressure for $BTC is also appearing on Coinbase.


$ETH has filled the CME gap at $2117. However, a buy wall has formed around $2,100, and this level corresponds to the Fibonacci 0.382 level. If a rebound begins after touching $2,100, the next target is around $2,686, which is the Fibonacci 1.618 level. If it rises to this level, another CME gap will be filled.


Unlike $BTC, a significant amount of long positions remain on $ETH. If the CME gap around $2100 is filled, a significant amount of long positions will be liquidated.


$BTC liquidated most of the high-leverage long positions formed over the past week.


$BTC buying has started on Binance.




The buy wall for $ETH exist around $2100.


$ETH still has several CME gaps. Filling the CME gap at $2117 before rising is the most ideal scenario.













