The current ETH price is at a key support level around 2500, and the distribution of chips shows a clear concentration of chips in this range, indicating a high market recognition of this price level. Based on recent price fluctuations and abnormally active trading volume, the decline may receive support at this point. Meanwhile, the slope of EMA52 is upward, and the medium-term trend remains strong, confirming the possibility of a rebound after a pullback.
However, the emergence of the black three soldier form and the increase in trading volume are synchronized, and the pressure of short positions cannot be ignored. How to determine the effectiveness of support? The exclusive chip distribution indicator for members can accurately capture changes in supply and demand at key points, helping you plan ahead.
Open a membership, grasp the trend of chips, and accurately buy bottom and escape top!
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.
