The current price is below the strong resistance range of 4602-4586.5, which is the concentration area of the three major chip peaks in recent times. The ratio of buying pressure to selling pressure is close to 1:1, indicating intense long short competition. The latest 90 minute cycle K-line closed with a cross star, and the combined trading volume shrank to 48% of the average level, indicating that the market is hesitant before the key resistance level.
Technically speaking, EMA24 and EMA52 are in a bearish position, with prices running below their moving averages, confirming that the short-term downward trend has not changed. Combined with the operation below the MACD zero axis, further confirm the dominant pattern of the air side.
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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.