ETH 90 minute cycle: Key support area may become a long short watershed

The current ETH price is around $3119, and the chip distribution shows a strong support zone at $2977- $2982. The trading volume is dense and buying is slightly dominant. Combined with membership indicators, the KDJ dead cross overlay top classification pattern suggests a short-term pullback risk. If the price falls below EMA24 (currently at $3110), it may accelerate its decline towards the support zone. Although the MACD bar chart shows upward momentum, trading volume continues to shrink, activity has dropped to recent lows, and the market has a strong wait-and-see sentiment. Pay attention to whether the support level of $2977 can effectively stabilize, and if it falls below, it will drop to $2934. Open membership now and accurately capture opportunities for support rebound! 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.