ETH chip distribution reveals key support, main players may take the opportunity to counterattack

The current ETH price fluctuates around 1870 in a 2-hour cycle, and the member specific chip distribution indicator shows that the recent support level is in the 1800 area, only 2.09% away from the current price. This indicates that the receiving force below is strong, and the main force may take advantage of this area to attract funds for a counterattack. Combined with the K-line pattern, the black three soldiers and belt catching lines alternate in the early stage, and although the market selling pressure is heavy, the downward momentum has weakened. The MACD bar chart continues to shorten, coupled with the KDJ dead cross signal, indicating that short-term pullback pressure is still present. But it is precisely near the key support level that the value of chip distribution is particularly prominent. Open a membership and seize the opportunity for precise bottom fishing! Open membership immediately, unlock key trends, and seize the opportunity! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.