Order-book data tracked by Liquid247.xyz showed a sizeable buy wall for spot ETH on Coinbase at $2,328.00. The order stood at about 2,913.62 ETH, with a notional value of roughly $6.7829 million, and sat about 4.55% below the mid-price at the time, which was $2,438.89.
On Coinbase’s nearby order book, total bids were around $19.4933 million, versus about $10.9181 million in asks. That left spot buy-side liquidity ahead by roughly $8.5752 million, accounting for 28.20% of total depth. Liquid247.xyz identified the $2,328.00 level as the most visible near-range support on the book.
The platform said that if large market orders hit the market, the order at that level could have a noticeable effect on the current price.
According to order-book monitoring platform Liquid247.xyz, Coinbase spot ETH showed a bid of about 2,913.62 ETH at $2,328.00, worth roughly $6.7829 million in notional terms. The order was placed about 4.55% below the mid-price at the time, which stood at $2,438.89.
On Coinbase’s nearby order book, aggregate bids were around $19.4933 million, while asks were about $10.9181 million. That left spot bids ahead by roughly $8.5752 million, equal to 28.20% of total depth.
Liquid247.xyz described the $2,328.00 level as the most prominent near-range support on the book. If large market orders come through, the order could have a significant impact on the current price.
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