Beware of the Ethereum bull trap
More analyzes and articles in the link below
https://medium.com/@shahabkohi72/beware-of-the-ethereum-bull-trap-465ee767dfdf
The market depth chart shows a price gap in the range of $870 for Ethereum. Buy and sell walls in this volume are likely to act slowly, which means that Ethereum and altcoins may continue to grow in the short term, but they are not stable. You should be more careful with long positions. The growth of Ethereum does not have a large volume as a support.
In the order book, we can observe the strength of the buyer and seller and check the basic support and resistance of the future of Ethereum and Bitcoin. When the buying wall increases the volume on a certain price, it means that the price is supported in the current area, and vice versa if the selling wall increases. If it finds, it means that the price will face a tough resistance
Of course, buying and selling channels or the market depth chart is a tactic of market whales to deceive traders
The recent growth of altcoins cannot be sustained until Ethereum vs. Bitcoin breaks the 0.071 area.