The distribution of chips shows that strong resistance is formed in the 2533.5 and 2523 areas, and the current price is much lower than this. The 1-hour cycle K-line shows a belt catching pattern, indicating that selling pressure dominates. Meanwhile, both EMA24 and EMA52 are tilting downwards, further confirming the continuity of the bearish trend.
The KDJ death cross combined with reduced trading volume has weakened the downward momentum, but the price remains below the moving average, indicating an overall weakness. If the resistance of 2523 cannot be broken, the price may continue to explore support.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT Perpetual 1-hour] K-line, for reference only, and does not constitute any investment advice.