According to membership indicators, ETH has shown a "black three soldier" pattern in a 4-hour cycle, with three consecutive bearish candlesticks closing lower step by step. Coupled with a dead cross below the MACD zero axis, the downward momentum has significantly increased. The current price has fallen below the support of the EMA24 and EMA52 moving averages, and the slopes are both downward, further confirming the bearish dominance pattern. The distribution of chips shows that buying in the strong resistance area of 3170 USDT is weak, and prices are sliding towards the low volume area or accelerating downward.
The key support is around 3025 USDT, and if it falls, it will open up even greater downside space. Although short-term trading activity has increased, the bearish alignment of the average volume line suggests that selling pressure continues to accumulate.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.