From the perspective of membership indicators, the current trading volume has significantly shrunk, only 44.14% of the average level, indicating a low market trading willingness. Combined with the continuous reduction of MACD bar chart, it shows that the upward momentum is diminishing. It is worth noting that although the price is above the EMA24/52 moving average, the KDJ indicator diverges downwards, indicating the risk of a short-term correction.
The distribution of chips shows that the key support is located in the range of 4506-4516, where the trading volume accounts for over 5%, forming a strong support band. At the same time, the high trading volume nodes in the 4500-4520 area indicate that the main cost is concentrated here. If the price falls below 4500, the LVN area below will be tested.
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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.
