ETH current price under pressure, chip distribution reveals key support levels

The current ETH price is below the EMA24 and EMA52 moving averages, with a 2-hour candlestick forming a cross, indicating strong market hesitation. According to the distribution of exclusive chips for members, support and resistance are dense around 1600, and the distance from the current price is only 0.05% -0.33%. The long short game is about to erupt. Combined with the enhanced downward momentum of MACD, this region may be tested in the short term. The trading volume has shrunk to the last 25% in recent times, with a sharp drop in activity, exacerbating the dependence of prices on chip intensive areas. Open a membership, accurately grasp the trend of chips, and lock in the inventory in advance! 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.