Member indicators show that the current ETH price is above the strong support zone of 2438-2441, but trading volume continues to shrink, with a daily volume decline of 14% over the past 20 days, indicating a strong wait-and-see sentiment in the market. According to the chip distribution data, there were nearly 200000 huge transactions in the support area, with buying accounting for 66.4%, indicating a high probability of effective support.
Technical verification signals show that although MACD has a dead cross, EMA24 and EMA52 maintain a bullish position, and the medium to long term trend remains positive. Based on the bottom split and the rising star pattern, it is expected that the price will rebound after reaching support.
Open membership immediately, accurately grasp the support pressure level, and stay ahead to gain insight into the main trends!
The data is sourced from the PRO member's [ETH/USDT Binance 90 minute] K-line, for reference only, and does not constitute any investment advice.
