ETH short-term rebound under pressure, key resistance zone to be verified soon
Member indicators show that the current price is below the EMA24 and EMA52 moving averages, and both moving averages have a downward slope, indicating strong downward momentum. At the same time, although KDJ is currently experiencing a golden cross, its trading volume is extremely shrinking, indicating that the market rebound lacks substantial buying support. The distribution of chips shows that the area between 3857 and 3929 is a strong resistance zone, and the current price is far away from this area, but caution should be taken against the risk of rebound depletion. The latest 1-hour cycle K-line shows a red three soldier pattern, with short-term rebound demand, but the dual suppression of EMA24 and EMA52 above makes it difficult to break through. If the price cannot effectively stabilize above 3300, it may test the low support of 3055 again. Open membership, accurately track the main trend, and seize the key points of rebound and pullback! The data is sourced from the PRO member's [ETH/USDT Binance USDT Perpetual 1-hour] K-line, for reference only, and does not constitute any investment advice.
