Member indicators show that the current price is below the strong resistance level of 4585, and trading volume is extremely shrinking, indicating weak market buying. Meanwhile, the MACD bar chart continues to decrease, further verifying that downward momentum is accumulating. Combined with the convergence signal of KDJ index, the risk of short-term pullback increases.
The analysis of chip distribution shows that the maximum trading volume is concentrated in the range of 4578-4592, and the current price is being suppressed by this resistance zone. If unable to break through effectively, the price may quickly fall back to the 4458 support level.
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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.
