The current price is below the strong resistance range of 4602-4586.5, which is the concentration area of the three major chip peaks in recent times. The ratio of buying pressure to selling pressure is close to 1:1, indicating intense long short competition. The latest 90 minute cycle K-line closed with a cross star, and the combined trading volume shrank to 48% of the average level, indicating that the market is hesitant before the key resistance level.
Technically speaking, EMA24 and EMA52 are in a bearish position, with prices running below their moving averages, confirming that the short-term downward trend has not changed. Combined with the operation below the MACD zero axis, further confirm the dominant pattern of the air side.
Open membership immediately, obtain accurate resistance breakthrough probability analysis, and stay one step ahead to grasp trend turning points!
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.
