The current price is below the EMA24 and EMA52 moving averages, with a clear downward trend, and the MACD bar chart continues to shrink, further verifying downward pressure. The exclusive chip distribution indicator for members shows that the current price range is sparse, but there is a dense trading area near 2200, forming strong resistance and making it difficult to break through. Combined with the KDJ oversold signal, although there is a possibility of a short-term rebound, the upward pressure may suppress the gains.
Chip distribution helps you accurately capture resistance support and gain insight into market intentions ahead of time. Open a membership now and keep track of key chip trends!
The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
