Member indicators show that the 1-hour candlestick hit a low of 3710 and quickly rebounded, but prices are still suppressed by the EMA24/52 moving average, coupled with a shrinking trading volume to 44.10% of the average level, indicating a strong wait-and-see sentiment in the market. Although KDJ is currently experiencing a golden cross, RSI is still in the oversold area, and the rebound strength is questionable.
The distribution of chips shows significant resistance in the 3976-3989 area, indicating weak buying power. If the price cannot break through the current EMA52 suppression, it may test the 3710 support again.
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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.
