The current price is hovering around 2526.5, above the strongest support level, but the chip distribution shows that buying in this area is slightly weak (buy to sell ratio 0.95). At the same time, trading volume has continued to shrink to the last 25% of the past 10 cycles, and market activity has significantly decreased, indicating a lack of willingness for funds to enter the market. If the price falls below this support level, it may accelerate its downward trend to the next support level of 2517.5.
From the K-line pattern, a cross star appears in the 6-hour cycle, with EMA24 crossing EMA52 and a bearish trend in the medium to long term. In addition, although RSI has broken through the 50 median line, its momentum is insufficient, further verifying the weak pattern.
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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.
