ETH Key Position Game Upgrade! $230 million order wall determines short-term direction. Ethereum is currently in a critical trading range.

Looking at the 45-minute cycle, the price has once again tested the EMA55 moving average, and there is over $230 million in accumulated order walls nearby.
This structure is very typical: moving average support + large orders = short-term "price gravity field." Simply put, the price is easily attracted by these liquidity "pulls," moving toward areas with dense orders.
Looking back at a similar situation last night: the main force placed about $306 million in orders to oppose, relying on EMA55 support, and the price eventually moved toward the area with concentrated sell orders above.
Additionally, there was a notable movement on the spot exchange side—a single ETH large order of over $19 million was executed (this level is more common with BTC), indicating that large funds are participating in the current range game.
Core logic: EMA55 → short-term trend support order wall → determines the direction of price attraction → large transactions → main players become active.