The current price range has sparse chips, and the market has formed a strong support and resistance resonance zone around 1600. Based on membership indicators, the distribution of chips shows a relatively low difficulty in breaking through prices, but the direction chosen will determine the future direction. The support level is only 0.05% away from the current price, which is highly likely to trigger a rebound market. It is recommended to closely monitor.
The 90 minute cycle EMA24 has crossed EMA52 to form a dead cross, indicating a bearish trend in the medium to long term. At the same time, trading volume shrank to 39.20% of the average level, and the market showed a strong wait-and-see sentiment. By analyzing the distribution of chips, it is possible to accurately capture the timing of breaking positions.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.
