The 4-hour cycle shows that the current price of ETH is below the EMA24 and EMA52 moving averages, which are bearish and have a downward slope, indicating that the downward trend is still continuing. The exclusive chip distribution data for members shows a clear resistance at $3330, while the recent strong support below is in the range of $3845-3869, and the current price is approaching this area.
Based on the KDJ indicator, the J value has entered an extremely oversold range, and with the emergence of a bottom pattern, the probability of short-term rebound has increased. But the trading volume continues to shrink, and the market has a strong wait-and-see sentiment.
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The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.