ETH under short-term pressure: Dual verification of 4-hour cycle chips and indicators

The latest 4-hour cycle shows that the ETH price is approaching the key support 3118.5 (HVN in the high volume area of chips), but trading volume continues to shrink to 44.92% of the average level, and market activity has significantly decreased. The membership indicator shows that KDJ is in the overbought area and exhibits a top tier pattern, indicating an increased risk of short-term pullback. Meanwhile, although EMA24/52 maintains a bullish position, the KDJ convergence signal indicates a weakened upward momentum. If it falls below the support of 3118.5, it may quickly drop to 3097.5. Pay attention to the potential acceleration market in the LVN region. Unlock member indicators and accurately capture high and low point signals! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.