The current price range has sparse chips, but there is significant resistance near 1900, with only 3.17% from the current price. The exclusive chip distribution indicator for members shows that chips are concentrated in the high price area, indicating heavy selling pressure above and a stronger momentum is needed for price breakthroughs. Combining the candlestick pattern with the extreme contraction of trading volume and the cross star signal, the market has a strong sense of hesitation, making it difficult to further verify the upward trend.
The double moving averages of EMA24 and EMA52 are downward, with slopes exceeding -0.7%, strengthening the expectation of a decline. By combining the distribution indicators of member chips, we can accurately capture resistance levels and potential breakthrough points to help you plan ahead!
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The data is sourced from the PRO member's [ETH/USDT Binance 2-hour] K-line, for reference only, and does not constitute any investment advice.
