Member indicators show that the current price has fallen below the support of the EMA24 and EMA52 double moving averages, and both moving averages have shown a significant downward trend, indicating increased downward pressure in the short to medium term. At the same time, although KDJ has a golden cross, the MACD histogram continues to shrink, confirming that downward momentum is still accumulating.
Based on the distribution of chips, the 3787 line forms a strong resistance level, with no obvious support below. The current K-line is showing a bearish swallowing pattern, coupled with the bearish trading volume, and may continue to decline in the short term.
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The data is sourced from the PRO member's [ETH/USDT Binance 90 minute] K-line, for reference only, and does not constitute any investment advice.
