ETH bearish signal strengthens: main players may borrow rebound to sell

The current 1-hour cycle K-line shows a bearish swallowing pattern, with the bearish line completely covering the previous bullish line, and the combined trading volume shrinking to 33% of the average level, indicating a sharp drop in market buying interest. The distribution of chips shows that the area around 4393.5 is a strong resistance zone, and the price has attempted to break through multiple times without success. Additionally, the EMA24/52 moving average is in a bearish position, further confirming the downward trend. Although MACD has a golden cross, the momentum of the bar chart has weakened, and coupled with the hanging line pattern, it suggests a rebound or a bullish trend. Pay attention to the support of 4378, if it falls below, it will accelerate the downward trend. Open membership to unlock precise buying and selling points, keep up with the main trends! The data is sourced from the PRO member's [ETH/USDT Binance USDT Perpetual 1-hour] K-line, for reference only, and does not constitute any investment advice.