The current price range has sparse chips, and the price seems easy to break through, but the resistance level above 2700 is under tremendous pressure, and there is almost no support for the nearly 40% space from the current price. Based on the distribution of chips, the high priced areas have a high concentration of chips, indicating that the main holding costs are high. If they cannot quickly rise, the risk of a pullback will intensify. The shape of the cross star and gyroscope further confirms the market's hesitation and fierce competition between long and short positions.
The 4-hour cycle shows that although EMA24 is above EMA52, the overall trend is still weak, and the J value is extremely overbought, with a high probability of short-term correction. Chip distribution helps you accurately capture inventory changes and plan ahead!
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The data is sourced from the PRO member's [ETH/USDT Binance 4-hour] K-line, for reference only, and does not constitute any investment advice.
