As soon as NY session ended, so did the spot selling $ETH

$ETH is winning again!

$BTC 4H SFP / weak higher high

First time $ETH has touched upper 1D BB since early October Also $ETH developing higher lows and higher highs so far

$ETH wicked to the range low of the $3.3K $4.3K range (orange)

$ETH I hope I'm wrong but spot CVD down even while price pumped -\> real underlying sell pressure. Spot was selling into the move. Futures CVD up with the pump -\> someone used perps to push price up against that sell flow. This could be markup price for distribution

There must be a lot of exit/relief sellers on $BTC too. They've been underwater for weeks while being inundated with bear posting and fud, many will exit as soon as they can.

$ETH 2D above mid BB for first time since end of October + BB squeeze. Candle doesn't print until tomorrow though, so a lot can change before then $ETH 3D testing mid BB for resistance + BB squeeze but 2 days before it prints

$ETH aggregated spot tape showing the aforementioned aggressive selling. This happens on every pump, big or small.

$ETH orderbook delta is showing ask delta, meaning there are more resting sell orders versus buy orders

$ETH orderbook delta is showing ask delta

$ETH mid BB + HTF mid range support

$ETH aggregated spot order books showing ask delta (circled), ie. more resting sell (ask) orders than buy (bid) orders But we've basically got price holding up while the internals quietly bleed, which usually resolves as a slow bleed breakdown or an aggressive short squeeze. -

$ETH there was a bunch of aggressive spot selling at the top of this small pump

$BTC 1W long legged doji candle

$ETH 1W bullish spinning top candle + closed above high timeframe mid range, could signal a reversal

$ETH Velo chart better illustrates the point. So, we have the same aggregated spot CVD trending up + aggregated spot tape trade