Member indicators show that the current price is above the strong support of 2439.5, with a chip concentration of 8.6% at this position, and buying power is slightly dominant. Combined with the K-line pattern, a bottom pattern was formed at the support level last night, coupled with a golden cross above the MACD zero axis, indicating that the bulls still have the momentum to counterattack.
However, the latest KDJ death cross is downward, with trading volume shrinking to an average of 47%, indicating a weakened upward momentum. The current price is testing the support of the EMA24 moving average. If it falls below the key support of 2439.5, it may further explore the 2419.5 chip intensive area.
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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.
