Member indicators show that the current price of ETH is below the EMA24/52 moving average, and the slope of EMA24 is decreasing by -1.63%, clearly indicating a bearish signal. Based on the distribution of chips, the trading volume in the strong resistance zone of 3936 accounts for over 5%, and long attempts to break through have been unsuccessful, increasing the risk of a downward reversal. At the same time, the KDJ death fork combined with the black three soldier form further confirms the downward trend.
In addition, the latest 4-hour cycle K-line has formed a belt catching line, but the increase is accompanied by a decrease in trading volume, indicating insufficient upward momentum. If it falls below the 3678 support, it may accelerate the downward trend.
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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.