1875.94 / 1906.42 / 1931.00

These three numbers are the whole story today for $ETH
At 10:00, a single candle with 32.56 million contracts slammed price down to 1875.94
Volume was 2.4x the average, with price sliding all the way down from 1927.14
At 11:00, another 17.88 million contracts came in, but the new low was only 1878
Together, the two candles totaled 50.44 million contracts, for a 49-point drop
From 12:00 to 13:00, price climbed back with just 20.42 million contracts
A 28.7-point rebound; per-unit force was 40% higher than on the way down
At this level, I’ll ask just one thing: who’s holding the supply above 1875?
The players who dumped 50 million contracts without breaking 1875 clearly aren’t in a hurry
Until the rebound can reclaim 1931.00, consider it unrepaired
Funding rate +0.0014%; longs are still paying overnight fees
If 1875.94 gives way, then we can talk about the next level; no guessing for now
(Not investment advice; profit and loss are your own responsibility)