ETH short-term rebound under pressure, alert to downside risks
Member indicators show that the current price is below the EMA24/52 moving average, and EMA24 is below EMA52, indicating a clear medium to long-term bearish signal. At the same time, the distribution of chips reveals strong resistance near 3150, combined with the shape of the upper hanging line, further verifying the weak short-term rebound. The latest 1-hour cycle K-line formed a black three soldier combination, with trading volume shrinking to 37% of the average level, indicating low market buying interest and accumulating downward momentum. If it falls below the 3125 support level, it may accelerate its downward trend to the key support level of 2980. Open membership, accurately capture trend turning points, and take the lead in layout! The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.
