The current price is below the EMA24 and EMA52 moving averages, with a weak mid to long term trend, while the chip distribution shows strong resistance near 1800 above, indicating significant pressure. Based on the exclusive chip distribution indicators for members, we found that the chips in the current price range are sparse, but the chips in the high price range are dense, indicating that it is difficult to break through the upward trend.
At the same time, the 4-hour K-line pattern showed a top split and a cross star, further confirming the bearish signal in the short-term market. The trading volume has shrunk to a recent low, the upward momentum is insufficient, and prices are easily suppressed and fall back.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.
