Member indicators show that the current 1-hour cycle exhibits a black three soldier pattern, coupled with a dead cross below the MACD zero axis, indicating strong downward momentum. Based on the distribution of chips, the price is approaching the strong support level of 3094.5 USDT, which is an important resistance to support area in the near future. If it falls below this level, it may accelerate its downward trend to the low point of 3077.99 USDT.
Technically speaking, the EMA24 and EMA52 moving averages are in a bearish position, and although KDJ is in an oversold area, its J value is extremely oversold, indicating a weak rebound demand in the short term. The trading volume has increased by 46.69%, indicating intensified market divergence.
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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.