The current 90 minute cycle shows that ETH prices have fallen above the core chip intensive area of 2831-2837, with a trading volume of 4.87%, which is the strongest support level in recent times. The exclusive chip distribution indicator for members shows that there are secondary support bands at 2819 and 2806.5 below, indicating that the current pullback space is relatively limited.
On the technical side, KDJ shows a dead cross and is in the overbought area, indicating a short-term need for adjustment. But EMA24 and EMA52 are crossing upwards, and the medium-term trend is still bullish.
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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.