According to the 1-hour cycle display, the current price of ETH is testing the key support level of 3035, which happens to be the maximum trading volume range of the chip distribution (3030-3041), with a buying ratio of 1.02. Based on the observation of membership indicators, the KDJ golden cross continues to diverge, and with RSI breaking through the 50 median line and moving upwards, it suggests that short-term rebound momentum is accumulating.
However, although the current price is above EMA24, it is still running below EMA52, and the medium and long-term moving averages are in a bearish position. The resistance level of 3056 above corresponds to the low-density area of the chip. If it can be broken through, it will open up upward space.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT Perpetual 1-hour] K-line, for reference only, and does not constitute any investment advice.