ETH key support test: Black three soldier form shows hidden concerns
The current 90 minute cycle K-line shows that ETH is forming a black triad around $3020, releasing a strong bearish signal. The membership indicators show that KDJ has a dead cross and is in the overbought zone, further verifying the pressure of a pullback. In terms of chip distribution, $2829 below is a strong support level, and the peak in trading volume suggests that this area has a strong carrying capacity. Although the price is above EMA24 and EMA52, the trading volume has shrunk to 35% of the average level, indicating a significant lack of market momentum. If it falls below the psychological level of $3000, it may accelerate its downward trend to the support zone of $2829. Open a membership to receive real-time fund flow and accurate buying and selling point tips! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.
