The current 1-hour cycle K-line shows that the ETH price is hovering below the EMA24 and EMA52 moving averages, with slopes of -1.01% and -0.62% respectively, indicating a clear bearish signal for member indicators. Based on the distribution of chips, there is a significant concentration of transactions in the 3204 front line, and the suppression effect is significant.
On a technical level, although the KDJ indicator shows a golden cross, the trading volume has shrunk to 46.44% of the average level, indicating insufficient performance. The latest candlestick chart shows a cross star, indicating an intensification of long short games, but overall it is still constrained by a downward trend.
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The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.