ETH short-term change is imminent: chip distribution reveals key support

The current price range has sparse chips, and the market has formed a strong support and resistance resonance zone around 1600. Based on membership indicators, the distribution of chips shows a relatively low difficulty in breaking through prices, but the direction chosen will determine the future direction. The support level is only 0.05% away from the current price, which is highly likely to trigger a rebound market. It is recommended to closely monitor. The 90 minute cycle EMA24 has crossed EMA52 to form a dead cross, indicating a bearish trend in the medium to long term. At the same time, trading volume shrank to 39.20% of the average level, and the market showed a strong wait-and-see sentiment. By analyzing the distribution of chips, it is possible to accurately capture the timing of breaking positions. Open membership to unlock chip distribution, understand the main trends, and grasp the best entry point! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.