ETH is under short-term pressure, with key support levels becoming the focus

Member data shows that ETH's current candlestick is in a inverted hammer shape, coupled with a KDJ dead cross and a weakened MACD bar chart momentum, and may rebound to support around $4580 in the short term. The distribution of chips shows that the strong support range is between $4302 and $4320, and the market has accumulated a large number of transactions in this area. If the price falls below $4580, it will accelerate towards $4302. The current shrinking trading volume indicates hesitation between long and short positions, but EMA24 has surpassed EMA52, indicating medium to long-term downward pressure. The membership function accurately captures trend turning points to help you plan ahead. Open a membership and unlock more analysis of key trends and key points! 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.