Member indicators show that the current ETH price is below the EMA24 and EMA52 moving averages, and the slopes of both moving averages are downward, indicating a weak mid to long term trend. Based on the distribution of chips, the area around 2729.5 USDT is a strong support zone, but the recent trading volume has shrunk to 22.88% of the average level, indicating low market buying interest. If it falls below the support level, it may accelerate the downward trend.
On the candlestick chart, the latest 4-hour cycle has shown an upper hanging line, indicating insufficient short-term upward momentum, coupled with weak MACD golden cross signals, and caution against false breakthroughs. The area above 3173 USDT is a strong resistance zone, making it difficult to break through.
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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.