The current ETH price is testing the strong support zone of 4507-4517, which is the highest trading volume intensive peak in recent times, accounting for 5.31%, with a buy sell ratio close to 1:1, indicating a deep game in the market at this price point. According to member indicators, KDJ has entered the overbought zone and its J value is extremely overbought, indicating that short-term upward momentum may be nearing its end and the risk of a pullback is increasing. At the same time, although the MACD golden cross is upward, the growth of the bar chart is slowing down, indicating that the bullish power is gradually weakening.
In addition, the current K-line pattern shows a combination of red three soldiers and pregnancy lines, indicating a hesitant signal in the upward trend. If the price falls below the support of 4507, it may accelerate its rebound around 4495. Suggest paying attention to the intersection between EMA24 and EMA52 to further confirm the trend direction.
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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.
