ETH short-term direction selection: chip intensive area becomes key

The 4-hour cycle shows that the ETH price is approaching the resistance level of 3329.5, which is currently the highest concentration peak of chips. The buy sell ratio is only 0.91, indicating strong selling pressure. Based on member indicators, the continuous decline in trading volume and the bearish trend indicate insufficient market activity and limited upward momentum. In addition, the K-line top classification and KDJ dead cross signal further validate short-term pressure. At present, the price is above the EMA24/52 moving average, but if it falls below the 3264 support, it may accelerate its decline towards the 3120.5 strong support. We need to focus on the direction of breakthroughs in chip intensive areas. Open membership, accurately capture changes in chip distribution, and lock in buying and selling points in advance! The data is sourced from the PRO member's [ETH/USDT Binance 4-hour] K-line, for reference only, and does not constitute any investment advice.