ETH key support 2950, may face short-term rebound
Member indicators show that the current price of ETH is testing the key support level of 2950, with a chip concentration of 3.87 and a long short ratio of 0.89, indicating a strong carrying capacity. At the same time, the KDJ golden cross combined with the RSI double bottom pattern suggests a high probability of short-term rebound. The 4-hour cycle K-line shows a bottom pattern structure, and the MACD bar chart continues to grow, indicating that upward momentum is accumulating. Although the EMA moving average remains bearish, trading volume has shrunk to 30% of the average level, indicating a weakened downward momentum. Unlock member indicators, accurately grasp ETH support resistance levels, and stay ahead to see market turning points! The data is sourced from the PRO member's [ETH/USDT Binance 4-hour] K-line, for reference only, and does not constitute any investment advice.
