Binance Sees $26.8 Million Ether Bid Near $2,650

A large bid order for about 10,114.56 Ether (ETH) at $2,650 appeared on Binance’s perpetual contract market, amounting to roughly $26.8 million. This bid was placed just 0.06% below the $2,651.47 midpoint at the time of the snapshot. Nearby buy orders totaled approximately $105 million, while sell orders stood at about $60.12 million, giving buyers a net liquidity advantage of roughly $45.37 million, or 27.40% of the combined order-book depth.

The $2,650 bid stood out as particularly large compared to other buy-side liquidity in the market. Ether has been trading near $2,700 within a $2,680-$2,770 supply zone. Recent daily trading patterns show upper wicks forming within this range, suggesting selling pressure, even as the asset remains above an ascending trendline and two moving averages.

A move below the recent low near $2,650 could weaken Ether’s near-term outlook. Additional support levels are identified near $2,630 and $2,580, as part of the broader supply-zone setup.