ETH's short-term direction is unclear, key support may become a winning or losing hand
Member indicators show that the current price is below the EMA24 and EMA52 moving averages, and the moving averages are bearish, indicating that the short-term downward trend has not changed. Meanwhile, the distribution of chips indicates that $3857.5 is a strong support level, and if it falls below, it may further explore $3846. Combined with the K-line pattern, a cross star appears in the latest 1-hour cycle, exacerbating market hesitation and making direction choices urgent. Although the MACD bar chart shows an increase in upward momentum, the KDJ dead cross signal suppresses the rebound space. The resistance of $3869 is significant and needs to be broken through to alleviate downward pressure. Open a membership, obtain accurate support resistance calculation, and lock in trading opportunities in advance! The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.
