ETH short-term bearish signal strengthens, 90 minute cycle faces critical decision

Member indicators show that the current price has fallen below the support of the EMA24 and EMA52 double moving averages, and both moving averages have shown a significant downward trend, indicating increased downward pressure in the short to medium term. At the same time, although KDJ has a golden cross, the MACD histogram continues to shrink, confirming that downward momentum is still accumulating. Based on the distribution of chips, the 3787 line forms a strong resistance level, with no obvious support below. The current K-line is showing a bearish swallowing pattern, coupled with the bearish trading volume, and may continue to decline in the short term. Open a membership now, accurately grasp the buying and selling points, and stay ahead of the trend changes! The data is sourced from the PRO member's [ETH/USDT Binance 90 minute] K-line, for reference only, and does not constitute any investment advice.