The current ETH 4-hour cycle shows that the chip distribution is biased towards the low price area, with strong support below. The recent support level is around 1800, which is about 30.43% away from the current price. This indicates that the potential selling pressure in the market is relatively low, and prices are prone to upward breakthroughs. Combined with the K-line pattern of the red three soldiers and the top split signal, the distribution of chips further confirms the possibility of a tug of war between upward and downward movements.
Technical indicators show that both EMA24 and EMA52 are trending upwards, with increased MACD momentum. However, the distribution of chips reveals the true support and resistance positions, helping you to accurately grasp trading opportunities.
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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.
