ETH90 minute cycle: Chip distribution reveals key pressure levels, increasing downside risk

The current price range has sparse chips, but the high priced area above has dense chips, forming a strong pressure zone. The resistance level is around 1600, only 9.34% away from the current price. Combining the latest candlestick cross pattern with the downward pressure of the EMA24/52 moving average, the downward momentum is further amplified, and the rebound may be limited by chip pressure. Recently, trading volume activity has increased, but RSI is still in the oversold zone. The market may rebound briefly, but it is difficult to change the overall weakness. Chip distribution analysis helps you accurately identify resistance support and strategically position high winning points in advance. Open a membership, unlock exclusive chip distribution indicators, and gain insight into the main trends! The data is sourced from the PRO member's [ETH/USDT Binance 90 minute] K-line, for reference only, and does not constitute any investment advice.