Ether shakes out to 2,370 then reclaims 2,400 into the close
Ether flushed to a 2,370 low just after 01:00 UTC on a 516K ETH fifteen-minute burst, then spent the next two hours grinding back above 2,400. The last two hourly bars printed positive delta as buy aggressors stepped in, lifting CVD off its session floor. The 12-hour candle is essentially flat versus the prior window, but the tape is now recovering rather than rolling over.
Full analysis
ETHUSDT Desk Read — the shakeout that got bought
Angle this run: flush and reclaim. The prior cycle read as a breakdown through value — a 2,383 low that was bought back but whose reclaim failed. This window inverts the pattern. Ether opened the 12-hour candle around 2,418, drifted lower through the evening, then printed a violent stop-run at 01:00 UTC: a 2,370.74 low on 516K ETH in a single fifteen-minute bar — roughly six times the surrounding bars' volume. The bid absorbed it and walked price straight back above 2,400 over the next two hours. The story is no longer "the reclaim got sold," it is "the flush got bought."
12 hours vs 6 hours
| Window | Open | Close | High | Low | Volume (ETH) |
|---|---|---|---|---|---|
| Prior 12h (00:00–12:00 UTC) | 2,423.62 | 2,418.73 | 2,445.97 | 2,411.03 | 3.27M |
| Latest 12h (12:00–00:00 UTC) | 2,418.72 | 2,407.02 | 2,428.85 | 2,383.58 | 6.14M |
| Current 12h (00:00–now, partial) | 2,407.01 | 2,411.51 | 2,411.80 | 2,370.74 | 1.82M |
The latest completed 12-hour candle was the heaviest of the three — 6.14M ETH traded, nearly double the prior window — yet it closed only ~12 points lower. That is distribution against a bid: sellers pushed hard, price absorbed it. The partial current candle is the one that matters for the short-term read: a 2,370.74 low that has already been reclaimed to 2,411.
Last ~6 hours — the flush and the recovery
| Time (UTC) | Event | Price | Volume (ETH) |
|---|---|---|---|
| 22:00–00:00 | Quiet drift lower | 2,408 → 2,401 | ~90–110K per 15m |
| 00:00–00:15 | First leg down | 2,401 → 2,396 | 141K |
| 01:00–01:15 | Stop-run flush | 2,400 → 2,378 (low 2,370.74) | 516K |
| 01:15–02:45 | Base and grind up | 2,378 → 2,400 | 40–150K |
| 03:00–03:45 | Reclaim 2,400+ | 2,400 → 2,411.51 | 125K |
The entire six-hour tape is defined by one fifteen-minute bar. The 01:00 flush printed 516K ETH — more than the combined volume of the four bars before it — and the low was never revisited. That is classic stop-run structure: a sweep of resting sell-side liquidity that failed to follow through.
Volume, delta and CVD
| Bar (UTC) | Volume (ETH) | Delta | CVD |
|---|---|---|---|
| 02:00 | 26.4K | +4,874 | -34,627 |
| 03:00 | 66.9K | +8,889 | -27,486 |
The last two hourly bars are both buy-aggressor positive, with delta stepping up from +4.9K to +8.9K as price reclaimed 2,400. CVD lifted +7,141 over the same stretch — off its session floor, though still net negative on the day. That is the signature of initiative buying into the recovery, not just passive absorption: buyers are paying up through the offer.
Session tone
The tape has flipped from defensive to constructive over the last two hours. The flush to 2,370.74 cleared the low of the prior 12-hour candle (2,383.58) and was bought, leaving a higher low on the recovery. Holding 2,400 keeps the reclaim intact and opens a retest of the 2,428–2,445 supply overhead; losing 2,370 would invalidate the structure and reopen the breakdown. The risk now is that this is a one-way stop-run with no follow-through — the next hour's delta will tell whether the buyers are still paying up or already stepping back.