ETH 4-hour cycle: Chip distribution reveals key resistance, downward trend may continue

The current ETH 4-hour cycle shows that the price is below the EMA24 and EMA52 moving averages, showing an overall downward trend. The exclusive chip distribution indicator for members shows that the chips in the current price range are sparse, but there is significant resistance near 2500, which is only about 3.88% away from the current price. Based on the latest K-line pattern and trading volume analysis, the price decline is accompanied by a surge in trading volume, further confirming downward pressure. In addition, the occurrence of a top pattern followed by a bottom pattern in the 4-hour cycle indicates an intensification of short-term fluctuations. RSI and KDJ indicators resonate downwards, verifying the effectiveness of the downward signal. Open membership immediately, unlock chip distribution indicators, accurately grasp resistance support, and keep track of every market turning point! 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.