ETH chip distribution reveals key support, main players may borrow low to attract funds

The current price range has sparse chips, and the price fluctuation has narrowed within an hour cycle, indicating a strong market wait-and-see sentiment. The distribution of chips shows that the low-priced area is densely populated with chips, forming strong support near 1800 below, which is about 26.67% away from the current price, suggesting that the main force may take this opportunity to attract chips at a low level. Combining the K-line pregnancy pattern with signals of shrinking trading volume, although prices are under pressure in the short term, the downward space is limited. The EMA24 and EMA52 moving averages are in a long position, with a medium-term trend still leaning towards an upward trend, but caution should be exercised against the risk of a pullback caused by the KDJ dead cross and decreased trading activity. Member exclusive chip distribution indicators help you accurately locate the main fundraising areas. Open membership immediately, unlock chip distribution, and gain insight into the main trends! 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.