Member exclusive chip data shows that the current price is in the key support area of 2514-2524, but the strong resistance area of 2604-2614 above is significantly suppressed. Combined with the shrinking trading volume to 27% of the average level, it indicates that the market lacks sufficient liquidity. Recently, prices have been running below the EMA24/52 moving average, and the moving average system has shown a bearish trend, indicating that there is still downward pressure in the short term.
The K-line pattern shows the formation of a top parting structure, coupled with the continuous weakening below the MACD zero axis, further verifying the downward signal. Although RSI has a double bottom shape, its upward mobility is limited.
Open membership immediately, accurately grasp key points, and seize every trading opportunity!
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.
