The current ETH price is below the strong resistance of 4303.5, and the 1-hour cycle K-line shows a top breaking pattern. Coupled with RSI falling below the 50 middle line, member indicators indicate short-term pullback pressure. At the same time, the distribution of chips shows that the 4303.5 area is the peak of the highest trading volume, and the main funds are intensively selling here, with obvious pressure. The price has been tested multiple times but has not been successful, indicating that the upward space is limited.
The long position of trading volume but the convergence of KDJ indicates a weakening of market momentum, and the MACD dead cross further confirms the bearish signal. Pay attention to the gains and losses of the support level of 4286.5, and if it falls below or accelerates to explore 4277.5.
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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.
