Coinbase Spot Ether Buy-Side Depth Exceeds Sell-Side by About $2.94 Million

Ether (ETH) was priced at $2,423.48 in a snapshot showing $12.1792 million in near-term buy-side depth on Coinbase’s spot market. Sell-side depth stood at $9.2427 million, leaving a $2.9365 million advantage for the buy side, or about $2.94 million.

Binance’s spot market also had more buy-side than sell-side depth. The snapshot captured the order-book balance at one moment; if Ether’s price declined, Coinbase’s visible spot depth was heavier on the buy side than the sell side.