ETH key chip area under pressure, alert to callback risk

The current price is around 2970, approaching the important resistance zone of 2973-2977. The trading volume in this area is dense and the buy sell ratio is bullish, indicating heavy selling pressure above. Combined with the KDJ dead cross signal displayed by membership indicators and the weakened momentum of MACD bar chart, the short-term upward space may be limited. From the perspective of chip structure, the range of 2933-2937 below forms strong support, and the buy sell ratio is close to equilibrium, indicating a strong consensus in the market within this range. However, the current trading volume continues to shrink, with a daily volume decrease of 18% over the past 20 days, indicating a low willingness to participate in the market. Activate membership immediately and accurately grasp key buying and selling signals! The data is sourced from the PRO member's [ETH/USDT Binance 2-hour] K-line, for reference only, and does not constitute any investment advice.