ETH breaks through key resistance, with a 4-hour cycle dominated by bulls

Member indicators show that the current trading volume has surged by 235%, with prices breaking through the key level of $2970 and active buying. The distribution of chips indicates that the range of $2573 to $2586 is a strong support zone, but the price has moved away from this area and the upward channel is clear. Combining the K-line pattern, capture the belt line to verify the bullish dominance situation, and EMA24 and EMA52 are in a bullish arrangement, with strong upward momentum. However, KDJ has entered the overbought zone, and RSI also suggests a possible short-term retracement. Pay attention to the support of $2970, and if it stabilizes, continue the upward trend. Unlock members, obtain real-time buying and selling points and precise risk control strategies! 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.