ETH 90 minute cycle: Key breakthrough point in chip intensive areas

The current ETH price is around 2974, approaching the maximum trading volume area of the chip distribution (2987-2998), which is a strong resistance area. Combined with membership indicators, the MACD dead cross deviates upwards from the RSI median, indicating that bulls are attempting to break through but lack momentum. If the price cannot effectively stabilize above 2987, it may fall back to the vicinity of secondary support 2960. On the candlestick chart, the latest 90 minute cycle closed with a belt catching line, indicating increased buying pressure, but a decrease of 35.71% in trading volume and a decrease in market activity, further verifying the limited upward momentum. Open a membership, obtain real-time resistance support data and exclusive volume warning, and accurately grasp the direction of ETH breakthrough! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.