Member indicators show that ETH has shown an upward hanging line pattern in a 2-hour cycle, with prices under pressure around EMA24. At the same time, the distribution of chips suggests that 3744.5 is a strong support level, and short-term action is accumulating. Combined with the MACD running below the zero axis and the RSI double bottom divergence, it indicates that 3790 will become a key position for long short competition.
Although KDJ currently has a golden cross, its trading volume has shrunk to 48% of the average level, and the market has a strong wait-and-see sentiment. If it falls below 3790, it is highly likely to test the support of the chip intensive area of 3740-3750.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
