Ahead of the CPI release, the $171 million ETH order wall becomes a key factor

The 45-minute cycle signal shows that ETH is crossing below the EMA89 moving average while also testing the recent chip POC price, with open interest continuing to decline and both bullish and bearish momentum clearly converging. Additionally, with tonight’s CPI data expected to rise at 20:30, the market may choose a direction near this critical chip level. Key point: At present, major players have placed an order wall of $171 million on one side of the current price, including two exceptionally large orders exceeding $19 million each. If the price holds its ground or breaks out, the main order area will become a short-term liquidity target. Unlock PRO now for the "45-minute custom cycle" and "major order tracking" to secure ETH’s next target in advance. Data is for reference only.