Ether flushes to 2172 then grinds lower into a failed 2261 probe
Ether opened its 12-hour window at 2252 and slid to a 2172.85 low on 13.25M ETH of turnover before buyers recovered it to a 2235.41 close. The final six hours were a quieter drift, edging down from 2248 toward 2220 with a brief pop to 2261.48 that was immediately sold back to 2220.65. Aggressor flow stayed negative through the last hour, leaving cumulative delta underwater and little sign of a bid holding the tape.
Full analysis
ETHUSDT Desk Read — the flush gets bought, but the grind gives it back
Angle this run: a rescued flush that quietly bled lower through the back half of the window. Last cycle framed an upside probe that failed into heavy-volume distribution. This window is the mirror — the low was defended and price recovered, but the recovery had no follow-through, and the last six hours turned into a low-volume drift with a late, failed pop at 2261. The story is not a decisive selloff; it is a market that refused to rally and slowly leaked, with sellers still in control of the tape.
12h vs 6h comparison
| Window | Open | Close | High | Low | Volume (ETH) |
|---|---|---|---|---|---|
| Prior 12h (10-29 12:00Z) | 2324.26 | 2252.34 | 2378.69 | 2230.20 | 16.88M |
| Latest 12h (10-30 00:00Z) | 2252.35 | 2235.41 | 2257.30 | 2172.85 | 13.25M |
| Last ~6h (10:00–15:00Z) | 2248.40 | 2220.65 | 2261.48 | 2206.36 | ~6.0M |
What the tape shows
- The latest 12-hour candle opened at 2252, printed a 2172.85 low, and recovered to close at 2235.41 — a down candle of roughly -0.75%, but well off the lows.
- Volume stepped down to 13.25M ETH from 16.88M ETH the prior window, so the flush was on lighter participation than the earlier rejection.
- The last six hours were a grind: from 2248 at 10:00Z down to 2220.65 by 15:00Z, with only a brief 2261.48 spike at 15:00Z that was sold right back to the close.
Delta / CVD — sellers still in charge
| Bar (15m) | Volume (ETH) | Delta | CVD |
|---|---|---|---|
| 14:45Z | 32.4K | -381 | -104,355 |
| 15:00Z | 125.5K | +9,448 | -98,430 |
| 15:15Z | 172.0K | -19,934 | -99,017 |
| 15:30Z | 91.9K | -10,169 | -118,781 |
| 15:45Z | 7.6K | -2,631 | -130,909 |
- CVD drifted from -104.4K to -130.9K across the last five bars — a net -26.6K bleed, confirming distribution rather than accumulation.
- The single positive delta bar at 15:00Z (+9.4K) was immediately reversed by -19.9K and -10.2K prints, so that bid was absorbed and faded.
- The late 2261.48 pop on 1.65M ETH volume closed back at 2220.65 — a textbook failed probe with sellers hitting the offer.
Session tone
Mixed but leaning soft. The 2172.85 low held and drew buyers, but every bounce toward 2250–2261 has been sold. Delta is persistently negative and CVD is making new session lows, so there is no evidence of initiative buying yet — only dip defense. Holding 2200–2206 keeps the recovery case alive; a break below 2172 would open a leg toward the prior distribution zone near 2130.
Bias remains down on the short-term tape until price reclaims 2257–2261 with positive delta.