The current price range has sparse chips, indicating that market volatility may intensify. According to the exclusive chip distribution index for members, the recent support level is around 1900, only 3.11% away from the current price, while the resistance level above is as high as 2700, indicating significant pressure. This distribution suggests that prices are easily driven by emotions in the short term and may quickly break through or retrace.
Combined with the 4-hour cycle K-line, the current EMA24 has crossed EMA52 to form a golden cross, indicating a medium to long-term bullish signal. But the trading volume continues to shrink to recent lows, and market activity has decreased, further highlighting the importance of chip distribution.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.
