The current price is around $2417, testing the support strength of the chip intensive area ($2412-2422). The trading volume in this region accounts for a high proportion of 7.04%, with slightly weak buying activity (buy to sell ratio of 0.966). If it falls below this level, it may accelerate its downward trend to support $2407. At the same time, the latest 90 minute cycle K-line formed a cross star, superimposed with the KDJ dead cross signal, further verifying the increased downward pressure.
In addition, the trading volume continued to shrink to 47.76% of the average level, indicating a strong wait-and-see sentiment in the market. Although EMA24 is above EMA52, the price is close to the EMA24 support line. If it fails to effectively stabilize, it may trigger a new round of adjustment.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.
