The 2-hour cycle K-line shows that the current price is hovering around $3590, just touching the bottom chip intensive area ($3770- $3794). The membership indicator shows a KDJ golden cross and is in an oversold area, forming a bottom reversal signal, combined with a hammer line pattern, further verifying the high probability of short-term rebound.
However, the price is still suppressed by the EMA24/52 moving average, and the overall trend is weak. If unable to maintain a stable position above $3600, it may drop again to support $3550. The locking situation of the bottom chip peak will be crucial.
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The data is sourced from the PRO member's [ETH/USDT Binance 2-hour] K-line, for reference only, and does not constitute any investment advice.