The current 1-hour cycle K-line shows that the ETH price is below EMA24 but above EMA52. Combined with member function analysis, the peak trading volume of chips corresponding to the resistance level of 3754.5 USDT accounts for 3.74%, and the market selling pressure has weakened. The latest K-line has shown a hammer line, indicating that buying below has begun to tentatively intervene, coupled with the KDJ golden cross, further verifying the possibility of a short-term rebound.
However, the trading volume has significantly shrunk to 29.4% of the recent average, indicating low market activity and the upward momentum still needs to be confirmed. If the price can effectively break through the key resistance of 3754.5, it is expected to challenge the EMA24 suppression level and open up greater rebound space.
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The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.
