ETH 4-hour cycle: Chip distribution reveals key support, price may welcome breakthrough opportunity

The current ETH price is around 1600, and the chip distribution shows that this area is a sparse range, indicating that the selling pressure is small and the price is easy to break through. Based on membership indicators, the recent support level is around 1600, only 2.62% away from the current price, with limited downward space. If buying continues to pour in, prices are expected to rise rapidly. From a technical perspective, MACD is above the zero axis with a golden cross, combined with the red three soldier pattern, further confirming the upward trend. The chip distribution index helps you accurately capture support and breakthrough points. Come and open a membership to unlock more data! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.