The current 4-hour cycle K-line shows that ETH has broken through the key resistance level of 3828 USDT and formed a red three soldier pattern, indicating strong bullish power. However, the distribution indicator of member chips shows that the price is approaching the vacuum zone above the strong support zone of 3739-3750, coupled with KDJ entering the overbought area, increasing the risk of pullback.
The recent significant decline in trading volume and insufficient market activity may weaken the upward momentum. Although the EMA24/52 moving average is in a bullish pattern, caution should be exercised against a pullback after confirming the top pattern.
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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.