The 90 minute cycle shows that the member indicator has captured a strong bearish signal: three consecutive bearish lines form a "black three soldier" pattern, combined with the KDJ dead cross and MACD bar chart momentum weakening, indicating increased downward pressure. The current price is around 3024, approaching the key support of 3021.5. The concentration of chips at this position is as high as 4.35%, and buying is slightly dominant. If it falls below, it may trigger an accelerated downward trend.
From the distribution of chips, the buying power in the strong resistance area of 3034.5 above is insufficient, and the selling pressure is heavy. Combined with a 37.6% decrease in trading volume, it indicates that the upward momentum is limited. Suggest paying attention to the gains and losses of the 3021.5 support, and if it falls, look towards the strong support of 2947.5.
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The data is sourced from the PRO member's [ETH/USDT Binance 90 minute] K-line, for reference only, and does not constitute any investment advice.