ETH 90 minute cycle: Long short game intensifies, key support levels become winners and losers
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The latest data shows that the ETH price has fallen below the EMA24 support in the 90 minute cycle, and membership indicators indicate the formation of a KDJ dead cross, coupled with the current trading volume shrinking to 43.1% of the average level, suggesting that action may decline in the short term. The distribution of chips shows that the area around 4009 USDT is a strong support zone, with concentrated buying power. However, when the price approaches this point, the volume continues to shrink, indicating a strong wait-and-see sentiment in the market. The lower Bollinger Band is close to overlapping with the 4009 support, and the MACD red bar has shortened, indicating an increased downside risk. If it falls below 4009, it may accelerate its descent to 3995. Open membership immediately, accurately track the main trends, and grasp key points! 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.
