The current price is hovering around 2435.5, facing a chip intensive support zone (2417-2435.5), where the trading volume accounts for 6.8%, indicating that bulls have a strong defensive willingness in this area. However, the latest 2-hour cycle K-line has closed with a cross star, coupled with the KDJ death cross signal, indicating that short-term action can weaken and the risk of pullback increases.
The trading volume continues to shrink, with an average decline of 16.17% in the past 10 cycles. The low market activity further confirms the current weak rebound. If the price falls below the support of 2417 or accelerates to the low point of 2412.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
