The 1-hour cycle K-line shows a strong bearish swallowing pattern, with the bearish line completely covering the previous bullish line, and the RSI indicator synchronously falling below the 50 median line downwards, verifying the downward trend through dual signal resonance. The current price has fallen below the support of the EMA24 and EMA52 double moving averages, further confirming the weak pattern.
The distribution of chips shows that 2637 above forms strong resistance, and the main force has sold nearly 4 million US dollars at this price point. With short-term and long-term averages showing a bearish trend, market activity continues to decline, indicating that prices may continue to decline.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT Perpetual 1-hour] K-line, for reference only, and does not constitute any investment advice.
