Chip distribution data shows that in the past two months, 50% of ETH's traded chips have been concentrated in the range of $2367.67 to $2539.49, with the most concentrated price (POC) at $2491.76.
The current ETH price is running in the middle of this range and above the POC price, which means that the POC price has shifted from the cost line to the psychological support line.
As long as the price does not fall below POC, the short-term bullish pattern will be maintained. If the volume falls below POC, the bullish advantage will be invalidated.
PRO "Chip Distribution" supports switching to more cycles to view the evolution trend of POC, helping to determine whether the support is firm.
The data is for reference only.
