Binance Ether Perpetual Displays $26.8 Million Bid at $2,650

A Binance perpetual contract displayed a bid for about 10,114.56 Ether (ETH) at $2,650, creating a roughly $26.8 million order near the market’s recent trading range.

The bid was 0.06% below the $2,651.47 midpoint at the time of the snapshot. Nearby buy orders totaled approximately $105 million, compared with about $60.12 million in sell orders.

That left buyers with a net liquidity advantage of roughly $45.37 million, equal to 27.40% of the combined order-book depth. The $2,650 bid was notably large relative to nearby buy-side liquidity.

Ether has been trading near $2,700 inside a $2,680-$2,770 supply zone. Several daily candles have formed upper wicks within that range, indicating selling pressure, while the asset remains above an ascending trendline and two moving averages.

A move below the recent low near $2,650 would weaken the near-term setup. Additional chart support is identified near $2,630 and $2,580, as outlined in Ether’s broader supply-zone setup.