The current 90 minute cycle shows that ETH prices are above the EMA24 and EMA52 moving averages, indicating a strong overall trend. However, the distribution of chips reveals that 4306 USDT is a strong support level, with 6.23% of trading volume concentrated here. Combining the candlestick top pattern with the KDJ dead cross signal, the risk of short-term pullback has intensified, and the price may test the support of 4306.
If it falls below 4306, 4210 below will become a key defense line, and we need to be alert to the risk of further decline. The trading volume has shrunk by 42.54%, indicating a lack of market vitality. Long positions need to quickly increase their volume to confirm the trend.
Member indicators capture the main trends ahead of time, helping you layout accurately!
The data is sourced from the PRO member's [ETH/USDT Binance 90 minute] K-line, for reference only, and does not constitute any investment advice.