The current one hour cycle K-line pattern shows a black three soldier pattern, accompanied by a 102.61% surge in trading volume. There are obvious signs of panic selling, and member indicators show strong bearish signals. At the same time, the price is below the moving averages of EMA24 and EMA52, and the MACD bar chart continues to shrink, with increased downward momentum. The technical side confirms the bearish direction of the member indicators.
The distribution of chips shows that there is significant resistance near 3128.5 USDT, and the current price is much lower than that area, with no obvious support. If the price cannot quickly rebound above 3106.5 USDT, it may further drop to the integer level of 3000 USDT.
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The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.