The 4-hour cycle display shows that the exclusive chip distribution indicator for members indicates a strong resistance level at 2559.5. The current K-line has broken through this position with volume, forming a red three soldier pattern. Combined with the KDJ golden cross, it confirms the upward trend. The price remains above the double moving averages of EMA24 and EMA52, with a bullish trend and strong support.
Combined with the MACD indicator, a golden cross appears above the zero axis, and at the same time, RSI breaks through the 50 median line upwards, indicating that the upward momentum is still continuing. Although the trading volume has shrunk, the willingness to buy has increased after breaking through key obstacles.
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The data is sourced from the PRO member's [ETH/USDT Binance 4-hour] K-line, for reference only, and does not constitute any investment advice.
