I've been watching ETH for hours today. I step away with sideways movement and a depth chart swing between $731/$732. When I returned but ten minutes later, the price was $754 and the SELL book had dozens of sell orders still stuck at $734, meaning the BUY orders were skipping above them to buy at a HIGHER PRICE. The depth chart swing was -19.00! This onslought of orders took ETH above the crucial breakout point of $748, but this doesn't look at all natural. I've seen this in actual currency trading, but this seems a bit strange in crypto (I never saw negative spreads even in Bitcoin).
The sell orders have caught back up, and one way or another, ETH will likely keep this candle above $748 for another breakout.
The sell orders have caught back up, and one way or another, ETH will likely keep this candle above $748 for another breakout.