The current ETH price is located below the high price range of the chip distribution, with heavy selling pressure above. Combined with the black three soldier pattern and shrinking trading volume, the price is under significant pressure. The distribution of chips shows that the recent resistance level is around 2700, which is about 30.76% away from the current price, while the support level is only around 1900, indicating a serious imbalance in risk return ratio. This chip structure implies an increased short-term downside risk, but the membership function can lock in support pressure levels in advance and seize the best timing for operation.
In addition, the KDJ death cross and sustained low trading volume further validate the market weakness. By opening a membership, you can obtain chip distribution data and gain insight into fund movements ahead of time!
Accurately positioning support resistance, grasping long short turning points, member exclusive indicators help you stay one step ahead!
The data is sourced from the PRO member's [ETH/USDT Binance 4-hour] K-line, for reference only, and does not constitute any investment advice.
