ETH chip distribution reveals key support, ultra short term rebound may come

The current price has formed a chip aggregation around 1900, indicating that this area is a key point for long short competition. Although the 1-hour cycle K-line shows an increase in downward momentum, the distribution of chips indicates that the support level is only 0.19% away from the current price, significantly increasing the probability of a rebound. Recently, the trading volume has shrunk, and the market has a strong wait-and-see attitude. The direction of breakthrough urgently needs to be confirmed. MACD and KDJ both point to short-term oversold, combined with support signals from chip distribution, the opportunity for a rebound cannot be ignored. Open membership, unlock precise chip distribution, and seize the best entry point! The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.