Ether round-trips a $2,703 rejection into a recovered close
Ether spent the twelve hours tracing a wide round trip — a drive to 2,703 that failed, a flush to a 2,626 low on heavy volume, and a climb back to 2,678. The final six hours were a quieter rebuild, with price grinding from 2,647 back toward 2,678 as seller pressure faded. Aggressor flow turned positive into the close, the first clear sign of bids taking over since the flush.
Full analysis
ETHUSDT Desk Read — the rejected push that found its floor
Angle this run: the failed $2,703 push and the bid that showed up after it. Last cycle the story was a flush that ran out of fuel — volume doubled, longs got run, and then participation collapsed at the lows with delta still red. This cycle the market actually did the hard part: it tried to break out, got rejected, *and then produced a real bid*. The tape is no longer one-sided, which is the notable change.
12 hours vs last 6 hours
| Window | Open | High | Low | Close | Net | Tone |
|---|---|---|---|---|---|---|
| Last 12h | 2,675 | 2,703 | 2,626 | 2,678 | +3 | Round trip |
| Previous 12h | 2,655 | 2,698 | 2,634 | 2,675 | +20 | Slow grind up |
| Last 6h | 2,647 | 2,699 | 2,642 | 2,678 | +31 | Quiet rebuild |
The full twelve hours hid a violent middle. Price opened just under 2,675, pushed to a 2,703 high around 05:00, and then spent two hours flushing to a 2,626 low with the two heaviest volume hours of the session (roughly 1.33M and 1.86M ETH). The last six hours are the counter-move — a base near 2,647 followed by a drift back to 2,678, leaving the day essentially flat but the short-term bias tilted back up.
Volume and aggressor flow
| Hour (UTC) | Volume | Delta | CVD |
|---|---|---|---|
| 09:00 flush low | ~1.34M | heavy sell | falling |
| 14:00 rejection | ~1.86M | −29,212 | −24,483 |
| 15:00 recovery | ~0.70M | +23,262 | −3,353 |
The 14:00 hour is the key print: a 2,698 high rejected all the way back to 2,656 on the day's heaviest volume, with delta deeply negative. But the very next hour flipped the script — delta came back positive at +23,262 and CVD lifted from −24,483 toward −3,353. That is a bid absorbing the late selling, not just a dead-cat drift.
Session tone
The tape is no longer a one-way flush. It is a market that tested 2,703, failed, washed out to 2,626, and then reclaimed 2,678 with positive delta into the close. Structure-wise that sets the scoreboard clearly: 2,703 is the rejection to beat on the upside, 2,626 the defended low on the downside, and the recovering close leaves the short-term read cautiously up rather than the clean bear it was twelve hours ago.