The chip distribution data shows that in the past 48 hours, 50% of the traded chips for ETH were concentrated in the range of $2,194.71-$2,277.80, with the most concentrated trading price (POC) at $2,231.88.
The current ETH price is trading in the middle of this range and above the POC price, which means that the POC price level has shifted from a cost line to a psychological support line.
As long as the price doesn't fall below the Proof of Price (POC), the short-term bullish trend will continue. However, if the price breaks below the POC with significant volume, the bullish advantage will be lost.
PRO's "Chip Distribution" feature allows you to switch to more timeframes to view the evolution trend of POC, helping you determine whether the support level is strong.
The data is for reference only.
