ETH 90 minute cycle: Key support testing, cautious direction selection

The current price is around the strong support of 2958.5, and the distribution of chips shows that the trading volume in this area accounts for 6.34%, with buying slightly dominant. However, the K-line shows a combination of hammer lines and cross stars, indicating market hesitation. The member indicator suggests that the price is being suppressed by the EMA24/52 moving average, and EMA24 is below EMA52, indicating a weak trend in the medium to long term. Based on the convergence signal of KDJ index, the current rebound momentum is limited. If it falls below the support of 2958.5, it may accelerate its downward trend to 2946. Pay attention to 2971 for resistance above, breakthrough requires confirmation with increased volume. Activate membership now to obtain precise support resistance levels and real-time trend signals! 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.