Member indicators show that ETH has formed a clear chip peak in the range of 2930-2970, and the current price is testing the lower support of this region. Combined with the MACD dead cross signal, there is a short-term risk of a downward breakthrough. More notably, the recent 17% decline in trading volume indicates a strong wait-and-see sentiment in the market.
On a technical level, although EMA24 and EMA52 still maintain a bullish position, the emergence of upper hanging lines combined with top splits suggests a weakening of upward momentum. Below 2569-2583 is a strong support band, and if it falls below 2920, it may accelerate towards this area.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
