ETH short-term direction decision: key support may become a long short watershed

According to member indicators, the current ETH price is hitting the 2906 support level, where the concentration of chips is as high as 4.89 times, and buying is slightly dominant, indicating strong support here. At the same time, the convergence of the KDJ indicator and the emergence of a dead cross suggest that short-term actions can be weakened, and the risk of a pullback is increasing. If the support falls, further testing of strong support at 2894.5 may be conducted. The K-line pattern of the 1-hour cycle shows a top split, accompanied by a contraction in trading volume to an average of 47%, and a significant decrease in market activity, verifying the pullback signal. Although EMA24 is below EMA52, the price still stabilizes above the double moving average, and there is still a glimmer of hope for bulls. Unlock member indicators and accurately capture key points and buying and selling signals! 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.