The latest 90 minute cycle shows that member indicators have captured the current candlestick forming a cross star, which, combined with the KDJ dead cross signal, indicates an increased risk of short-term pullback. At the same time, the distribution of chips reveals that the 3582-3597 area is the area with the highest trading volume density, forming strong support, but the price has moved away from this area, and the upward movement can be weakened.
On a technical level, EMA24 and EMA52 continue to show an upward trend, but the RSI overbought area is running, suggesting caution in chasing higher prices. At present, the price is hovering around 4030. If it cannot remain above EMA24, it may fall back towards the key support level of 3960.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.
