Chip distribution: ETH may be converted to test support, only 0.49% away from the chip intensive area

PRO chip distribution data shows that in the past 48 hours, 50% of ETH's traded chips have been concentrated in the range of $1687.33 to $1747.07. Currently, the ETH price is located above the chip concentration zone, about 0.49% from the upper edge of the range. This position was a key pressure level for the previous breakthrough and has now been converted into potential support. If the subsequent retracement can provide effective support at $1747.07, it means that the previous breakthrough is effective and the price trend is expected to continue. PRO users can confirm the trading volume changes at the support level and determine the support strength through the "chip distribution" indicator. The data is for reference only.