The current ETH price is above the EMA24 and EMA52 moving averages, with an overall bullish trend. However, the distribution of chips shows a sparse price range, with weak pressure above and concentrated chips near 1800 below, forming strong support. Combined with the recent K-line red three soldier pattern, the upward momentum is strong, but the cross star suggests a possible short-term pullback. The distribution of chips provides clear guidance for determining support resistance and helps you plan ahead.
The MACD bar chart continues to grow, with no decrease in upward momentum, but RSI has entered the overbought zone, and caution should be exercised against the risk of a pullback. By combining exclusive chip distribution indicators for members, we can accurately locate support levels and breakthrough points, and stay ahead of the crowd to grasp the direction of the market.
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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.
